Stocks to Watch: News Corp., Oracle Corporation, Affymax, Rowan Companies PLC

Lakeway, NY -- (SBWIRE) -- 03/04/2013 -- 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:-

News Corp. (NASDAQ:NWSA) moved up 1.16% and closed at $29.14. The Company is selling its entire stake in New Zealand's biggest pay-television operator as it reshapes its balance sheet before a separation of its publishing and entertainment assets. News Corp. said that its News Ltd. unit was selling its 44% stake in Sky Network Television Ltd. to a broad range of institutional and retail investors. News Corp. plans to split its giant entertainment businesses, which include its 20th Century Fox film studio and Fox television assets, from its publishing division to create two separately listed companies.

Get Latest News, Updates on NWSA Here

Oracle Corporation (NASDAQ:ORCL) soared 1.14% and closed at $34.63. The Oracle Corp chief executive added a small Hawaiian airline to his holdings, less than a year after he purchased the vast majority of land on the small Hawaiian island of Lana'i, off the coast of Maui. Island Air, a Honolulu-based carrier with a handful of island-hopping planes and about 245 employees, will not make any staff changes as part of the sale and will continue normal operations.

Is ORCL a Strong Buying Opportunity After The Recent Gain? Find out Here

Affymax, Inc. (NASDAQ:AFFY) augmented 1.13% and closed at $2.68. Baird downgraded Affymax, Inc. from outperform to neutral with a price target of $4.00. Affymax, Inc. is a biopharmaceutical company engaged in developing drugs to improve the treatment of serious and often life-threatening conditions. Its product candidate, peginesatide is for the treatment of anemia in chronic kidney disease patients on dialysis.

Is AFFY Signaling a Buy After The Solid gain? Don’t Miss Out Free Trend Analysis Here

Rowan Companies PLC (NYSE:RDC) increased 1.13% and closed at $34.98. The Company reported fourth quarter net income of $54.1 million or $0.44 per share from $45.1 million or $0.36 per share for the quarter. Net income from continuing operations increased to $70.5 million or $0.57 per share from $33.1 million or $0.27 per share last year. The analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the quarter. Revenues totaled $354.2 million, up from $275.1 million last year. Analysts expected revenues of $356.64 million.

Is RDC a Strong Buying Opportunity After The Recent Surge? Get Free Trend Analysis Here

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