Lakeway, TX -- (SBWIRE) -- 03/04/2013 -- 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:-
Forest City Enterprises, Inc. (NYSE:FCE.A) shares jumped 1.50% and closed at $16.28 in the last trading session. The company, on Feb. 26, announced that it has provided notices of its intention to redeem all outstanding shares of its Series A Cumulative Perpetual Convertible Preferred Stock and all outstanding 7.625 percent Senior Notes due 2015.Approximately 209,877 shares of Preferred Stock, or $10.5 million aggregate liquidation preference, are currently outstanding, and approximately $53.3 million aggregate principal amount of the Notes are currently outstanding.
How Should Investors Trade FCE.A After The Recent Movement? Find Out Here
Phillips 66 (NYSE:PSX) shares gained 1.49% and closed at $63.90. The company has completed planned maintenance at its Sweeny refinery, a spokesman said Feb. 28
Additionally, the company, on Jan. 30, announces fourth-quarter earnings of $708 million and adjusted earnings of $1.3 billion. This compares with earnings of $2.0 billion and adjusted earnings of $379 million during the fourth quarter of 2011.
Is PSX Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
American Capital Mortgage Investment Crp (NASDAQ:MTGE) shares gained 1.48% to $26.08. MTGE;s stock had its target price trimmed by Deutsche Bank from $29.50 to $27.75 in a report issued on Feb. 15. They currently have a buy rating on the stock. Additionally, analysts at Maxim Group raised their price target on shares of American Capital Mortgage Investment Crp from $27.50 to $29.00 in a research note to investors last month. They now have a buy rating on the stock.
Is MTGE a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Best Damn Penny Stocks’ team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
The assembled information disseminated by Bestdamnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Bestdamnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in Bestdamnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)