Orlando, FL -- (SBWIRE) -- 10/15/2013 -- 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 Vale SA (ADR)(NYSE:VALE), MannKind Corporation (NASDAQ:MNKD).
Vale SA (ADR)(NYSE:VALE) shares gained 4.58% to $16.22. The company on Oct. 2 informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the second installment of the minimum dividend of US$ 1.750 billion, as publicly announced on January 28, 2013, and an additional dividend of US$ 500 million. Thus, the proposal entails a distribution of US$ 2.250 billion, equal to US$ 0.436607084 per common or preferred share in circulation as of August 31, 2013 (5,153,374,926).
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MannKind Corporation (NASDAQ:MNKD) shares gained 3.52% to $5.29. The company on Oct. 14 announced the resubmission on October 13, 2013 of a new drug application (NDA) to the U.S. Food and Drug Administration (FDA) seeking approval for the marketing and sale of AFREZZA® (insulin human [rDNA origin]) Inhalation Powder with an indication to improve glycemic control in adults with type 1 or type 2 diabetes. The resubmission is based on the entire data set from the extensive AFREZZA clinical development program and particularly the positive results from two recent Phase 3 trials, one in patients with type 1 diabetes (study 171) and one in patients with type 2 diabetes (study 175).
Is MNKD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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