Austin, TX -- (SBWIRE) -- 04/29/2013 -- Jackpotpennystocks.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following stock:-
Canadian Solar Inc.(NASDAQ:CSIQ) shares gained 15.20% to $5.38. The company on April 26 announced the filing of its annual report on Form 20-F for the year ended December 31, 2012 with the U.S. Securities and Exchange Commission ("SEC").
Additionally, the company on April 2, announced that the United States District Court for the Southern District of New York dismissed with prejudice a class action lawsuit filed against the Company and certain named defendants. The lawsuit alleged that the Company's financial disclosures during 2009 and early 2010 were false or misleading and in violation of federal securities law.
Can CSIQ Recover After The Recent fall? Find Out Here
J.C. Penney Company, Inc.(NYSE:JCP) shares climbed 11.55% to $17. Gilford Securities upgraded shares of JCP from a neutral rating to a buy rating in a research report released on April 22.
Additionally, the company, on April 19, needs some extra cash and is said to be in talks with Wells Fargo & Co (NYSE:WFC) to get it. The company is seeking a $500 million, five-year loan to shore up its liquidity as it tries to rebound from last year’s dismal attempt to reinvent itself as a hipper brand, under the direction of former Apple retail whiz, Ron Johnson, who was let go on April 8.
Can JCP Continue To Move Higher? Find Out Here
Velti Plc(NASDAQ:VELT) shares jumped 7.89% to $2.05. VELT’s stock had its price target lowered by RBC Capital from $3.00 to $2.00 in a research report sent to investors on April 24. The firm currently has a sector
Additionally, the company on April 19 announced it has entered into a securities purchase agreement with certain institutional accredited investors to sell 16,529,412 ordinary shares at a price of $1.50 per share. The aggregate gross proceeds of the offering are $24.8 million. The Company intends to use the proceeds of the offering to pay certain deferred acquisition consideration totaling approximately $16.5 million relating to its November 2011 acquisition of MIG, and for research and development of the Company's technology solutions, working capital, and general corporate purposes.
How Should Investors Trade VELT Now? Find Out Here
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