U.S. Manufacturing Activity Expanded More Slowly in March and eBay Gets New
NEW YORK, April 2, 2013
NEW YORK, April 2, 2013 /PRNewswire/ --
The Institute for Supply Management revealed that its index of factory
activity slipped to 51.3 percent. This is down from 54.2 percent in February,
which was the fastest growth since June 2011. RW Baird lifted its price target
on eBay from $60 to $65, citing the company's three year guidance; its Mobile
and PayPal momentum, and potential for continued growth in its eBay
Marketplace. The stock is rated at "outperform."
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BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) - Shares of BCRX soared on
Monday after the Company announced that it received a preliminary comment
letter from the U.S. Food & Drug Administration that outlines a pathway by
which BioCryst could file a New Drug Application seeking regulatory approval
of intravenous peramivir; the company's anti-viral agent. The stock closed up
15.97% yesterday at $1.38.
Many mid or large cap stocks once started off as Penny stocks!
Quicksilver Resources Inc. (NYSE: KWK) - Shares of KWK rose the most ever in
intra-day trading yesterday after the company agreed to sell a 25% in Barnett
Shale assets to Tokyo Gas Co. for $485 million, which is more than its market
value. In intra-day trading the stock rose 41 percent, the biggest intra-day
increase since it began trading publicly in March 1999.
Tesla Motors, Inc. (Nasdaq: TSLA) - Tesla Moters hit a new 52-week high of
$46.68 on Monday. The Company pre-announced first-quarter profitability and
said that it beat its Model S sales target. The Company was one of the highest
risers on the Nasdaq yesterday and closed up 15.94%.
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 companies.
Excel Maritime Carriers, Ltd. (NYSE: EXM) - Excel Maritime Carriers saw one of
the biggest volume advances on the NYSE on Monday. Though the stock closed
down 5.17%, trading volume at nearly 4 million shares was significantly higher
American Greetings Corp. (NYSE: AM) - American Greetings Corp. hit a new
52-week high of $18.11 in intra-day trading. The Company has agreed to be
taken private for about $602 million by a group led by some of its top
executives. They will buy the shares of the company they don't already own for
$18.20 a piece in cash.
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