HotPennyStockNews.com is devoted to fetch you the most exclusive stocks in the market today. Apart from scanning the markets for the most underrated stocks. We propel those victors directly to your email inbox first ahead of the rest of the marketplace gets a prospect.
Los Angelas, CA -- (SBWIRE) -- 11/23/2012 -- British microprocessing firm Imagination Technologies' $60 million pursuit of the operating business of MIPS Technologies (NasdaqNM:MIPS) faces competition after the U.S. company received a higher bid from a rival firm.Imagination, which is looking to buy the MIPS business to gain patents and step up its challenge to an increasingly dominant ARM Holdings, said on Wednesday that the MIPS board continues to recommend its offer.That could change, however, after MIPS said on Tuesday that it will start talks with mobile chip designer CEVA, which has made a $75 million bid, as MIPS believes that proposal could lead to a superior deal.MIPS Technologies (NasdaqNM:MIPS) reported EPS of 0.171. For the Current Fiscal year, the company is expected to report EPS of -0.08. For the Next Quarter and Next Year, the company is expected to report EPS of -0.02 and -0.02 respectively. At Current Market Price, MIPS is in distance of +6.21% from its 50-day Moving Average price of $7.0988 and +12.32% from its 200-day Moving Average price of $6.7132.
Collect The Full Research Report On MIPS For Free: CLICK HERE
Shares of Thoratec Corporat (NasdaqNM:THOR) are trading at $37.24 and is +5.71% from its 50-day Moving Average price of $35.2279 and +10.99% from its 200-day Moving Average price of $33.553. The average trading volume is 455375 shares and its market capitalization is $2.188B.Shares of THOR are spiking higher after Wells Fargo upgraded the stock to outperform from market perform, as it expects the company to benefit from reduced demand for HeartWare's (HTWR) solution. The firm said that THOR is likely to beat 2013 revenue expectations. Traders should now look for long-biased trades in THOR as long as it's trending above its 50-day moving average of $34.98, and then once it sustains a move or close above $38.12 with volume that hits near or above 440,005 shares. If that breakout triggers soon, then THOR will set up to re-test or possibly take out its next major overhead resistance levels at $40.65 to $46.
How Should Investors React To THOR Now? CHECK HERE
Zale Corp. (NYSE:ZLC), the operator of the Zales and Piercing Pagoda jewelry chains, fell the most in almost four years after reporting a fiscal first-quarter loss that was wider than analysts estimated. The shares slid 30 percent to $5.21 at the close in New York for the biggest one-day decline since Nov. 25, 2008. The shares had gained 95 percent this year through yesterday. Zale said in a statement yesterday that its loss in the three months ended Oct. 31 narrowed to $28.3 million, or 88 cents a share, from $31.9 million, or 99 cents, a year earlier. Analysts surveyed by Bloomberg had estimated a 68-cent loss. Sales rose 1.8 percent to $357.5 million, trailing analysts’ average estimate of $366 million. Zale Corporation (NYSE:ZLC) is -2.23 - -29.97% from the previous close of $7.44. It traded between $5.16 - 6.15 with total traded volume of 6146635 shares. Keep a close eye on ZLC, as the stock has been showing unusual moves over the past weeks. At Current market price, ZLC has recovered +138.99% from its 52-week Low of 2.18 and has Pulled back -31.98% from its 52-week high of 7.66.
Can ZLC Recover After The Recent Fall? Find Out Here
Scholastic Corpor (NasdaqNM:SCHL) is -5.79 - -18.18% from the previous close of $31.84. It traded between $25.03 - 26.61 with total traded volume of 1856907 shares. Keep a close eye on SCHL, as the stock has been showing unusual moves over the past weeks. At Current market price, SCHL has recovered +7.64% from its 52-week Low of 24.20 and has Pulled back -35.17% from its 52-week high of 40.18.Shares of children's publishing company Scholastic (Nasdaq: SCHL) fell as much as 21% today, after the company cut its guidance for the fiscal year ending May 31, 2013. Scholastic lowered its EPS projection sharply from $2.20 to $2.40 to $1.40 to $1.60, and decreased its revenue outlook by about 5%. The company cited lower curriculum product sales in its high-margin Educational Technology and Services segment as school budgets have become focused on teacher training instead of new products, and have delayed purchasing in the face of the fiscal cliff. Scholastic also sees lower sales in its book publishing business, and it took a hit from Superstorm Sandy, which disrupted its annual book fair.
Should Investors Buy SCHL Now? Collect A Free Trend Analysis Here
Neither HotPennyStockNews.com nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by HotPennyStockNews.com, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation. HotPennyStockNews.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through HotPennyStockNews.com. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to loose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein..
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)