Traders Alert: AVG Technologies, Foot Locker, Arlington Asset Investment Corp, Del Frisco's Restaurant Group

Lakeway, TX -- (SBWIRE) -- 03/08/2013 -- 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:-

AVG Technologies NV(NYSE:AVG)shares dropped 10.58% tob $14.03.The company today announced that J.R. Smith has resigned as CEO and will become a member of the Supervisory Board. He will remain as CEO until a successor is named. The Company has retained SPMB, a leading executive search firm, to find a successor.

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

Foot Locker, Inc.(NYSE:FL) shares declined 7.70% to $32.59 after the company today reported a foruth quarter profit of $104 million, or 68 cents a share, from $81 million, or 53 cents a share, a year earlier. Adjusted per-share earnings rose to 73 cents from 55 cents. Sales jumped 14% to $1.71 billion, while same-store sales increased 7.9%. Analysts had most recently forecast per-share earnings of 73 cents on revenue of $1.69 billion.

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

Arlington Asset Investment Corp(NYSE:AI) shares decreased 3.67% to $25.45.The company declared today that it has priced an underwritten registered public offering of 3,000,000 shares of Class A common stock at a public offering price of $25.50 per share.Further it has granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares of Class A common stock. Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are serving as joint bookrunning managers for the offering.

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

Del Frisco's Restaurant Group Inc(NASDAQ:DFRG) shares dropped 2.75% to $17.33.The company today announced the pricing of a registered secondary public offering of 4,750,000 shares of common stock at a price of $17.00 per share. The underwriters have a 30 day option to purchase up to an additional 712,500 shares. All shares are being sold by the Company's largest shareholder, an affiliate of Lone Star Funds and it will not receive any proceeds from the sale of these shares. Settlement of the offering is expected to occur on March 13, 2013.

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

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