Traders Alert: Vodafone Group, Rentech, USG Corporation, Incyte Corporation

Lakeway, TX -- (SBWIRE) -- 03/15/2013 -- 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:-

Vodafone Group Plc (ADR) (NASDAQ:VOD) shares jumped 1.98% to $27.80. On Feb. 27, Reuters reported that Vodafone Group Plc has suspended plans to approach Kabel Deutschland Holding AG about a takeover bid, Bloomberg reported. Vodafone had initially planned to contact Kabel Deutschland after the German cable company's earnings report last week, but media reports of a potential offer have complicated internal discussions. Vodafone may still decide to make a bid at some point.

How Should Investors Trade VOD The Recent Movement? Find Out Here

Rentech, Inc.(NYSEAMEX:RTK) shares jumped 1.95% to $2.61. The company, on Feb. 28, announced that it plans to cease operations at, reduce staffing at, and mothball its research and development (R&D) Product Demonstration Unit (PDU), in Commerce City, CO, and to eliminate all related R&D activities. The Company's strategy is focused on more immediate growth opportunities within the energy industry that do not rely on new technologies.

Additionally, the company, on Feb. 28, announced that it expects cost savings measures, as a result of these changes, it will eliminate 65 employee and contractor positions in the Company's alternative energy segment during the first half of 2013.

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

USG Corporation (NYSE:USG) shares climbed 1.91% to $28.75. USG and its distribution subsidiary, L&W Supply Corporation, on Mar. 14 celebrated achieving the prestigious Voluntary Protection Program (VPP) Star designation from the U.S. Occupational Safety and Health Administration (OSHA) for the L&W Supply, Indianapolis Drywall Supply branch.

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

Incyte Corporation (NASDAQ:INCY) shares gained 1.88% to $24.95. The Law Offices of Howard G. Smith, on Mar. 13, announced that a class action lawsuit has been filed in the United States District Court for the Delaware District Court on behalf of all purchasers of the common stock of Incyte Corporation ("Incyte" or the "Company") (NASDAQ:INCY) between April 26, 2012 and August 1, 2012, inclusive (the "Class Period").

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

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