Euro Debt Worries Drag Stocks Lower. Mattress Firm Holding Corp. Helped Push
Mattress Companies Higher
NEW YORK, March 28, 2013
NEW YORK, March 28, 2013 /PRNewswire/ --
Stocks dropped on Wednesday as continued worries over Europe and Cyprus
restoring confidence in its banking system lingered. On Tuesday Mattress Firm
forecasted solid results for fiscal 2013 and closed in the green up 12.09%.
The stock pushed other mattress companies including Select Comfort Corp. and
Tempur-Pedic International Inc. higher as well on Wednesday.
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Tempur-Pedic International Inc. (NYSE: TPX) - TPX shares closed up 6.96% at
$50.07 yesterday. The Company announced on Tuesday it is redeeming more than
$500 million in notes held by recently acquired Sealy Inc.
Many mid or large cap stocks once started off as Penny stocks!
Aastrom Biosciences, Inc. (Nasdaq: ASTM) - Shares of ASTM sank on Wednesday to
a new 52-week low after ending a drug trial and cutting half its workforce.
The stock closed down 38.25% Yesterday.
Cliffs Natural Resources Inc. (NYSE: CLF) - CLF sank to 4 year lows on
significantly high volume. In intra-day trading the stock went as low as $17.
95. Morgan Stanley cut the Company to "underweight" from "equal weight,"
Penny stocks can deliver sky-rocketing returns and are a popular choice among
many investors in the market because of how much lower they trade than big cap
Comstock Holding Companies, Inc. (Nasdaq: CHCI) - CHCI shares soared to new
52-week high yesterday after forecasting significant increase in revenues for
2013. In intra-day trading shares hit as high as $1.96.
Revolution Lighting Technologies, Inc. (Nasdaq: RVLT) - RVLT hit a new 52-week
high of $2.50 after announcing that they have produced a breakthrough product
in the tube lighting market. Shares closed up 26.95% on Wednesday.
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