Stocks to Watch: Shanda Games Limited, Barnes & Noble, Giant Interactive Group Inc, Owens Corning

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:-

Shanda Games Limited (ADR) (NASDAQ:GAME) shares jumped 2.66% and closed at $3.09 in the last trading session. The company, on Feb. 25, announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2012. In the fourth quarter of 2012, the company reported net revenues of RMB1,081.7 million (US$172.1 million), compared with RMB1,356.0 million in the fourth quarter of 2011.

How Should Investors Trade GAME After The Recent Movement? Find Out Here

Barnes & Noble, Inc. (NYSE:BKS) shares gained 2.66% to $15.46. The company, on Feb. 25, announced that its Board of Directors has received notice from Mr. Leonard Riggio, the Company’s founder, largest stockholder and Chairman of the Board that Mr. Riggio plans to propose to purchase all of the assets of the retail business of Barnes & Noble. Mr. Riggio’s plans with respect to a proposal are set forth in an amendment to his Schedule 13D filed today with the SEC.

Is BKS Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Giant Interactive Group Inc (ADR) (NYSE:GA) shares climbed 2.65% and closed at $6.19 after the company announced yesterday its unaudited financial results for the fourth quarter and year ended December 31, 2012. Fourth quarter net revenue was RMB571.7 million (US$91.8 million), up 5.2% QoQ and up 15.5% YoY. Fourth quarter net income attributable to the Company’s shareholders was RMB82.7 million (US$13.3 million), down 73.5% QoQ and down 66.4% YoY.
Looking forward, the company expects first quarter total revenue to be approximately the same as total revenue for the fourth quarter of 2012. The Company reported revenue of $91.76 million in the fourth quarter of 2012. Analysts are expecting the Company to report revenue of $93.48 million for the first quarter of 2013.

Is GA a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Owens Corning (NYSE:OC) shares jumped 2.64% and closed at $39.29. OC’s stock had its target price lifted by RBC Capital from $43.00 to $44.00 in a report released on Feb. 25. RBC Capital currently has a sector perform rating on the stock.
Additionally, the company, on Feb. 20, reported fourth-quarter net loss of $56 million or $0.47 per share. Adjusted earnings for the quarter were $13 million or $0.11 per share. Net sales for the quarter fell to $1.16 billion from $1.20 billion in the prior year.Analysts expected earnings of $0.16 per share on revenues of $1.16 billion.

How Should Investors Trade OC After The Latest Earnings Report? Find Out Here

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