Stamford, CT -- (SBWIRE) -- 08/29/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Standard Pacific Corp. (NYSE:SPF), Arch Coal Inc (NYSE:ACI), InvenSense Inc (NYSE:INVN), OmniVision Technologies, Inc. (NASDAQ:OVTI)
Standard Pacific Corp. (NYSE:SPF) shares increased 1.27% to $7.18. The company on August 1 announced the pricing of its previously announced public offering of senior notes and the increase in the amount of the offering to $300 million aggregate principal amount of notes. Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the notes offering.
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Arch Coal Inc (NYSE:ACI) shares fell 1.51% to $4.56. On August 28, FBR Capital resumes coverage on Arch Coal Inc (NYSE: ACI) with a Outperform rating and $6 price target after the company closed the divestiture of its Canyon Fuel subsidiary to Bowie Resources for $423M in net proceeds.
Additionally, the company on August 19 announced that it has completed the sale of its subsidiary, Canyon Fuel Company, LLC ("Canyon Fuel") to Bowie Resources, LLC for $423 million in cash, which is inclusive of working capital adjustments.
Moreover, the company will begin trading ex-dividend on August 28, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on September 13, 2013. Shareholders who purchased ACI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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InvenSense Inc (NYSE:INVN) shares increased 1.62% to $17.57. Investment analysts at Needham & Company began coverage on shares of INVN in a note issued to investors on August 22. The firm set a “buy” rating and a $20.00 price target on the stock.
Additionally, the company on July 30 announced its first quarter fiscal year 2014 results. Net revenue for the first fiscal quarter of 2014 was $55.9 million, up from $39.2 million for the first fiscal quarter of 2013. Net income for the first fiscal quarter of 2014 was $10.3 million, up from $7.7 million for the first fiscal quarter of 2013. Diluted earnings per share for the first fiscal quarter of 2014 was $0.12, up from $0.09 for the first fiscal quarter of 2013.
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OmniVision Technologies, Inc. (NASDAQ:OVTI) shares climbed 2.56% to $18.44. The company on August 1 announced a complete 10.5-megapixel camera solution with a new RGB Clear (RGBC) color filter that delivers exceptional low-light performance.
Additionally, the company will release its financial results for the first quarter of fiscal 2014 following the close of market on Thursday, August 29, 2013. The Company will host a conference call to discuss its financial results at 5:00 p.m. Eastern time on that day.
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