Lakeway, NY -- (SBWIRE) -- 03/19/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
LinkedIn Corp (NYSE:LNKD) shares decreased 1.81% and closed at $174.28. The company, on Mar. 14, announced that its membership base in Australia has surpassed four million, a 300% growth since 2010. Globally, the site attracts more than two new members every second, and grew to more than 200 million members worldwide in December. With approximately 5 million professionals in Australia, LinkedIn is now home to over 80% of the country's professional population.
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Spectrum Pharmaceuticals, Inc.(NASDAQ:SPPI) shares decreased 1.80% to $7.62. The company, on Mar. 14, announced that it has gained global development and commercialization rights to Ligand Pharmaceuticals' (NASDAQ: LGND) Captisol-enabled®, propylene glycol-free (PG-free) melphalan. Captisol-enabled melphalan is currently in a pivotal trial for use as a conditioning treatment prior to autologous stem cell transplant for patients with multiple myeloma.
Is SPPI a Strong Buying Opportunity After The Recent Gain? Find out Here
Additionally, the company on Mar. 12, said full-year sales would fall far short of analysts’ estimates. Annual 2013 revenue will be $160 million to $180 million. Analysts anticipated total revenue of $297 million. The company said sales of its top product, Fusilev, will be $80 million to $90 million.
Teradyne, Inc.(NYSE:TER) shares decreased 1.78% and closed at $16.53. The company will present, to a growing Chinese market, focused low-cost ATE solutions in booth #3121 at SEMICON China held in Shanghai on March 19-21. Teradyne will display and perform product demonstrations on the ETS-88, the J750Ex and the Magnum test cell.
Is TER a Strong Buying Opportunity After The Recent Slump? Find out Here
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