Austin, TX -- (SBWIRE) -- 04/23/2013 -- 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:-
Marvell Technology Group Ltd.(NASDAQ:MRVL) moved up 3.44% and closed at $10.07 on a traded volume of 8.85 million shares. Marvell announced the results of a collaboration to develop a Smart Digital LED Lighting System designed to enable custom-featured solution in lighting automation and control. The Digital LED Lighting System allows wired and wireless network control.
Can MRVL Recover After The Recent fall? Find Out Here
International Paper Company(NYSE:IP)soared 3.24% and closed at $47.15 on a traded volume of 6.43 million shares.International Paper Co is in talks with Bain Capital-backed Unisource Worldwide Inc. to spin off and merge its distribution business with the privately held company as it focuses on its packaging business.The unit, xpedx, distributes printing and packaging supplies in North America and accounted for about 22% of International Paper's $27.83 billion revenue last year.
Can IP Continue To Move Higher? Find Out Here
RPC, Inc.(NYSE:RES) climbed up 3.14% and closed at $14.44 on a traded volume of 1.08 million shares.The Company that it will release its financial results for the first quarter ended March 31, 2013 on April 24, 2013 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on April 24, 2013 at 9:00 a.m. Eastern Time.
How Should Investors Trade RES Now? Find Out Here
Power One Inc (NASDAQ:PWER) shares soared 56.68% to $6.33. Automation technology group ABB on April 22 said it was buying renewable energy firm Power-One Inc for around $1 billion, an effort to step up its presence in the growing solar inverters market.
ABB said the boards of both companies had agreed that ABB will acquire Power-One at $6.35 per share in cash, a deal which includes Power-One's net cash of $266 million, ABB said in a statement on Monday. Subject to shareholder and regulatory approvals, the transaction is expected to close the second half of 2013.
How Should Investors Trade PWER Now? Find Out Here
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