Lakeway, NY -- (SBWIRE) -- 03/11/2013 -- 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:-
MGIC Investment Corp. (NYSE:MTG) shares gained 3.05% to $5.06 after Standard & Poor’s has today raised its rating of Mortgage Guaranty Insurance Corp. from “B-” to “B” after its parent company, MGIC Investment Corp., raised $1.1 billion in a stock and debt offering last week.
Additionally, the company, on Mar. 6, announced that it priced the public offering and sale of 135 million shares of its common stock at a price of $5.15 per share. The Company granted to the underwriters a 30-day option to purchase up to an additional 20.25 million shares. In a concurrent offering, the Company priced $450 million in aggregate principal amount of 2.00% convertible senior notes due 2020 (the "notes").
How Should Investors Trade MTG After The Recent Price movement? Find out Here
Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) shares jumped 4.62% to $8.60. The 52 week trading range for the company is $5.55 - $8.39. The company is engaged in the financial services-related business. The Banking segment is engaged in the deposit, loan, securities transaction, securities investment, domestic and foreign exchange, bond fiduciary and registration, trust, security investment trust and insurance over-the-counter sales business.
Is SMFG a Strong Buying Opportunity After The Recent Slump? Find out Here
Atmel Corporation (NASDAQ:ATML) shares gained 4.10% to $6.72. The company, on Mar. 7, announced that it has completed the acquisition of Integrated Device Technology's (NASDAQ: IDTI) smart metering IC product lines and technologies, further enhancing Atmel's smart energy product portfolio. Terms of the transaction were not disclosed.
Additionally, the company, on Feb. 26, announced its recently launched AT86RF233 2.4GHz IEEE 802.15.4 radio transceiver supports distance measurement between two radios, also known as ranging.
Is ATML a Pump & Dump Stroy? Let’s Find out Here
Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) shares gained 4.90% to $5.93. The company, on Feb. 28, announced that it has appointed Nobuyuki Hirano as the new President of the Company, to replace Katsunori Nagayasu, effective April 1, 2013. The company is a Japan-based company mainly engaged in the banking business. The Company is also involved in trust banking business, security business, credit card business, leasing business and other businesses.
Is MTU a Strong Buying Opportunity After The Recent Gain? Find out Here
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