Lakeway, NY -- (SBWIRE) -- 03/05/2013 -- ThePennyStockProfiler.com, 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:-
Genworth Financial Inc (NYSE:GNW) shares increased 6.71% to $9.70. Genworth recently announced that Chief Financial Officer Martin P. Klein will become Executive Vice President overseeing parts of the firm for possible sale. The company also offers mortgage and life insurance, spun out by General Electric Co. almost 10 years ago. The firm presently has a market capitalization of $14 billion.
How Should Investors Trade GNW After The Recent Price movement? Find out Here
Alcatel Lucent SA (ADR)(NYSE:ALU) shares increased 4.32% to $1.45. The company last month announced that its Board of Directors has approved the appointment of Mr. Michel Combes as the Company’s new Chief Executive Officer, effective April 1, 2013.
Is ALU a Strong Buying Opportunity After The Recent Slump? Find out Here
Additionally, Sequans Communications S.A. (NYSE:SQNS) announced last month that it has successfully completed interoperability testing of Alcatel-Lucent's LTE infrastructure equipment with Sequans' eMBMS-capable LTE chipsets.
Micron Technology, Inc.(NASDAQ:MU) shares gained 2.08% to $8.57 after MU’s stock was downgraded by Lazard Capital Markets from a “buy” rating to a “neutral” rating in a research note issued yesterday.
Additionally, Micron and LFoundry last week announced that the companies have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy.
How Should Investors Trade MU After The Recent Price movement? Find out Here
QUALCOMM, Inc.(NASDAQ:QCOM) shares gained 2.00% to $67.97.The company today said that its board has approved a 40% increase in its quarterly cash dividend and a new $5.0 billion stock buyback program. The new share buyback program has no expiration date. QCOM will increase its cash dividend to $0.35 per share from $0.25 per share, which is likely to be effective for quarterly dividends payable after March 27 and the company said this dividend increase will raise annualized dividend payout to $1.40 per share.
How Should Investors Trade QCOM After The Recent Price movement? Find out Here
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