Stamford, CT -- (SBWIRE) -- 08/23/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Molycorp Inc(NYSE:MCP), ChemoCentryx Inc (NASDAQ:CCXI), Ann Inc(NYSE:ANN), KB Home (NYSE:KBH)
Molycorp Inc(NYSE:MCP) shares increased 3.66% to $6.52. Bernstein Liebhard LLP on August 20 announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of all those who purchased securities of Molycorp, Inc. (NYSE: MCP) ("Molycorp" or the "Company") between August 2, 2012 and August 7, 2013, inclusive.
Additionally, the company on August 8 announced financial and operating results for the second quarter of 2013. The Company reported a net loss of $0.36 per share for the quarter on an adjusted non-GAAP basis. The Company reported consolidated net revenues of $136.9 million during the second quarter of 2013, a 6% decrease over the first quarter of 2013.
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ChemoCentryx Inc (NASDAQ:CCXI) stock plunged 33.28% to $7.80. The company on August 23 reports that GlaxoSmithKline (GSK) announced today that the first of four Phase III studies, the SHIELD-1 study, investigating vercirnon, an inhibitor of the chemokine receptor known as CCR9, in patients with moderate-to-severe Crohn's disease did not achieve the primary endpoint of improvement in clinical response and the key secondary endpoint of clinical remission. The rates of serious adverse events and withdrawals due to adverse events were similar among all treatment groups including the placebo group, with a trend in dose-dependent increases in overall adverse event rates.
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Ann Inc(NYSE:ANN) shares increased 2.11% to $33.32. Janney Montgomery Scott upgraded Ann Inc. (NYSE: ANN) from Neutral to Buy with a fair value target of $38.00 (from $33.00), citing compelling valuation and limited downside on August 20.
Additionally, the company on August 23 reported results for the fiscal second quarter of 2013, ended August 3, 2013. The Company also provided its outlook for the third quarter and raised its outlook for the full year of fiscal 2013. For the fiscal second quarter of 2013, the Company reported record earnings per diluted share of $0.76, an increase of 21 percent compared with earnings per diluted share of $0.63 in the second quarter of 2012.
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KB Home (NYSE:KBH) shares decreased 3.55% to $16.59. The company on August 21 said it has acquired 40 acres of land in Eastvale from Irvine-based Stratham Communities to create a new master-planned community with more than 207 homes. The deal, brokered by Whittlesey Doyle, includes an option to buy an additional 143 home sites at the entitled project near Limonite and Cleveland avenues that’s currently named Cleveland Square.
KB Home officials declined to divulge terms of the deal, confirming only that it is the largest land-deal in Riverside County for the homebuilder in several years: The Enclave of Eastvale, purchased in 2010, is roughly the same size as the newest addition to the KB portfolio.
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