Lakeway, TX -- (SBWIRE) -- 02/27/2013 -- Bestdamnpennystocks, 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:-
Ocwen Financial Corporation (NYSE:OCN) shares gained 2.98% to $37.36. On February 15, 2013, Ocwen Loan Servicing, LLC, a Delaware limited liability company and a wholly owned subsidiary of OCN, completed the acquisition of certain Purchased Assets pursuant to an asset purchase agreement with Residential Capital, LLC, Residential Funding Company, LLC, GMAC Mortgage, LLC, Executive Trustee Services, LLC, ETS of Washington, Inc., EPRE LLC and the additional Sellers identified on Schedule A thereto in connection with the Sellers’ proposed asset sale pursuant to a plan under Chapter 11 of Title 11 of the United States Code. Each of the Sellers is an indirect subsidiary of Ally Financial Inc.
Additionally, the company will hold its conference call on Thursday, February 28, 2013 at 11:00 a.m. (ET) to review the Company’s operating results.
How Should Investors Trade OCN After The Recent Movement? Find Out Here
Whirlpool Corporation (NYSE:WHR) shares gained 2.79% to $110.10. Fitch Ratings last week has assigned a 'BBB' rating to Whirlpool Corporation's proposed offering of $250 million senior unsecured notes due 2023 and $250 million of senior unsecured notes due 2043.
Additionally, the company will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $0.5 per share is scheduled to be paid on March 15, 2013. Shareholders who purchased WHR stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that WHR has paid the same dividend.
Is WHR Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Retail Properties of America Inc (NYSE:RPAI) shares jumped 2.75% and closed at $14.56 in the last trading session. The company, on Feb. 19, reported fourth quarter net income of $13.9 million or $0.06 per share, compared to a net loss of $13.8 million or $0.07 per share for the year-ago quarter. Funds From Operations for the quarter was $60.0 million or $0.26 per share, compared to $48.5 million or $0.25 per share in the prior year quarter. Meanwhile, total revenue for the quarter rose to $143.53 million from $142.88 million a year ago. Analysts expected the company to earn $0.19 per share on revenue of $368.25 million for the quarter.
Is RPAI a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
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