Orlando, FL -- (SBWIRE) -- 08/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Molycorp Inc (NYSE:MCP), Medical Properties Trust, Inc. (NYSE:MPW).
Molycorp Inc(NYSE:MCP) shares decreased 6.81% to $6.29 in the last trading session. Pomerantz Grossman Hufford Dahlstrom & Gross LLP on August 14 has filed a class action lawsuit against Molycorp, Inc. and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 13 CIV 5697, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Molycorp between August 2, 2012 and August 7, 2013 both dates inclusive (the "Class Period").
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Additionally, the company on August 8 announced financial and operating results for the second quarter of 2013. For the quarter, the Company reported a net loss of $0.44 per share. The Company reported a net loss of $0.36 per share for the quarter on an adjusted non-GAAP basis. The Company reported consolidated net revenues of $136.9 million during the second quarter of 2013, a 6% decrease over the first quarter of 2013. The decline in revenues was primarily attributable to lower product volumes and slightly lower ASPs.
Medical Properties Trust, Inc. (NYSE:MPW) shares dropped 6.55% to $12.70. The company on August 15 announced that it has priced its underwritten public offering of 10,000,000 shares of common stock at a public offering price of $12.75 per share. The offering is expected to close on or about August 20, 2013, subject to customary closing conditions. The Company estimates that the net proceeds from the offering, after deducting discounts and commissions and estimated offering expenses, will be approximately $122.0 million or approximately $140.4 million if the underwriters' option to purchase additional shares is exercised in full.
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Additionally, the company on August 15 announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share of common stock to be paid on October 10, 2013, to stockholders of record on September 12, 2013.
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