Lakeway, NY -- (SBWIRE) -- 03/08/2013 -- ThePennyStockProfiler.com, 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:-
Micron Technology, Inc. (NASDAQ:MU) shares increased 3.35% to $8.94. Micron Technology and LFoundry, on Feb. 25, announced that the companies have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy. Under the agreements, Micron will assign to LFoundry its four-year supply agreement with Aptina to manufacture image sensors at the 200 millimeter Avezzano facility.
Additionally, thestreet reaffirmed their hold rating on shares of Micron in a report issued on Mar. 6.
Is MU a Strong After The recent price Movement? Let’s Find out Here
Canadian Natural Resource Ltd (USA) (NYSE:CNQ) shares increased 3.31% and closed at $31.19. The company yesterday said that it may sell part of its massive British Columbia shale-gas holdings or find a partner to develop the property.
Additionally, the company said its fourth quarter net income fell to C$352 million, or 32 Canadian cents per share, from C$832 million, or 76 Canadian cents, a year earlier. Revenue fell 12 percent to C$3.70 billion. Adjusted earnings were C$359 million, or 33 Canadian cents. Analysts expected adjusted earnings of 39 Canadian cents per share.
Is CNQ a Strong Buying Opportunity After The Recent Slump? Find out Here
First Horizon National Corporation (NYSE:FHN) shares jumped 3.31% and closed at $11.23 in the last trading session. William (BJ) Losch, CFO of First Horizon National Corp. (NYSE:FHN), was scheduled to present at the Citi US Financial Services Conference in Boston on Wednesday, March 6, at 8:20 a.m. Eastern Time. The conference will be available to the public via live webcast with audio replays available until March 20th.
Is FHN Signaling a Buy Signal After The recent Volatility? Let’s Find out Here
Office Depot Inc (NYSE:ODP) shares gained 3.24% to $4.14. Office Depot Inc, largest shareholder, Starboard Value LP, has urged the company to explore a sale of its 50% stake in its Mexico joint venture, asking it to immediately seek approval from merger partner OMX. Starboard--which has an almost 15% stake in Office Depot--said in a letter to the board that the "significant value" of Office Depot's interest in the Office Depot de Mexico joint venture isn't fully reflected in Office Depot's stock price, reiterating a view it had outlined last year.
Get latest News, Updates on ODP Here
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