Top Stock Movers: AbbVie Inc, Hot Topic, TASER International, Merck & Co

Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- vb-news.net, 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:-

AbbVie Inc (NYSE:ABBV) shares gained 1.10% to $38.61. The board of directors of AbbVie, on Feb. 15, declared a quarterly cash dividend and also authorized a share repurchase program of up to $1.5 billion of the Company’s outstanding common stock. The cash dividend of $0.40 per share is payable May 15, 2013 to stockholders of record at the close of business on April 15, 2013.

Additionally, the company will present at the Cowen and Company 33(rd) Annual Health Care Conference on Wednesday, March 6, 2013. Bill Chase, executive vice president and chief financial officer, will make a formal presentation on the company at 7:40 a.m. Central time.

How Should Investors Trade ABBV After The Solid Jump? Let’s Find Out Here

Hot Topic, Inc. (NASDAQ:HOTT) shares jumped 1.07% and closed at $11.35 in the last trading session. The company, on Feb. 6, said that its same-store sales rose 2.6% in the fourth quarter, while net sales for the quarter increased 11% to $233.0 million. For the fourth quarter, same-store sales grew 2% at the company's namesake stores and 5.4% at Torrid stores. The company said it now expects fourth quarter earnings of $0.26 to $0.27 per share, compared to its prior guidance of $0.23 to $0.27 per share. Analysts currently expect the company to earn $0.25 per share on revenue of $229.13 million for the fourth quarter.

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TASER International, Inc. (NASDAQ:TASR) shares jumped 1.06% and closed at $8.59 in the last trading session. The company announced that the fourth quarter 2012 earnings call is scheduled for Thursday, February 21, 2013. A conference call is scheduled at 10 a.m. ET to review fourth quarter financial results.

Is TASR Buy After The Recent Price Movement? Find Out Here

Merck & Co., Inc.(NYSE:MRK) shares gained 1.04% to $42.66 after MRK‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase in a report issued on Feb. 19. They currently have a $52.00 target price on the stock.

Additionally, the company last week said it will pay $688 million to settle two federal securities class-action lawsuits brought by investors who bought certain Merck and Schering-Plough Corp. securities and claimed they lost money when the results of a trial were published in 2008.

Is MRK a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here

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