Orlando, FL -- (SBWIRE) -- 09/04/2013 -- 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 Murphy Oil Corporation (NYSE:MUR), LeapFrog Enterprises, Inc. (NYSE:LF).
Murphy Oil Corporation (NYSE:MUR) shares jumped 2.78% and closed at $59.80 in the last trading session. MUR’s stock was upgraded by stock analysts at Howard Weil from a “sector perform” rating to a “sector outperform” rating in a report issued on Sept. 3. The firm currently has a $76.00 target price on the stock, up from their previous target price of $69.00.
Additionally, the company on August 7 said that its Board of Directors has approved both the spin-off of its U.S. retail marketing business and the regular quarterly dividend. The spin-off of the U.S. retail marketing business will be achieved through the distribution of 100% of the shares of Murphy USA Inc. to holders of Murphy Oil common stock.
The distribution of Murphy USA shares is expected to be completed after the market close on August 30, with Murphy Oil shareholders receiving one share of Murphy USA common stock for every four shares of Murphy Oil common stock held at the close of business on the record date of August 21.
Are investors worried about the recent updates with MUR? Find out with a free trend analysis HERE
LeapFrog Enterprises, Inc. (NYSE:LF) shares decreased 7.38% to $8.91. The company on August 28 is revolutionizing the toy category by offering two new innovative learning solutions that encourage learning as they play, and turns their parents' Apple mobile devices into the ultimate learning tools.
Additionally, the company, on August 1, announced financial results for the second quarter ended June 30, 2013. Second quarter 2013 net sales were $83.0 million, up 16% compared to $71.5 million last year. Net loss (GAAP) for the second quarter was $3.3 million, an improvement of 59% compared to $8.1 million a year ago. Net loss per basic and diluted share (GAAP) was $0.05, an improvement of $0.07, or 58%, compared to $0.12 a year ago.
Is LF going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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