Gold Plummets, Market Posts Biggest Drop of Year, and Dish Network Offers
$25.5B for Sprint
NEW YORK, April 16, 2013
NEW YORK, April 16, 2013 /PRNewswire/ --
The market posted the biggest drop of the year on Monday, the biggest drop
since Nov. 7 of last year. Gold fell below $1,400 an ounce for the first time
since February 2011. Dish Network made a $25.5bil offer in cash and stock on
Monday for Sprint, which the Company says beats its competing bid from Japan's
Softbank Corp. Dish is offering $17.3 billion in cash, and Sprint shareholders
get 32 percent of the combined Dish-Sprint while Softbank is offering $20
billion in cash, and shareholders get to keep 30 percent of Sprint.
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Genetic Technologies Limited (Nasdaq: GENE) - Shares of GENE popped on Monday
after the Company's U.S. subsidiary Phenogen Sciences recently presented study
results demonstrating that BREVAGen more accurately identifies a woman's
chances of getting breast cancer than the Breast Cancer Risk Assessment Tool
(BCRAT) alone. GENE closed up 22.77% at $2.75.
Many mid or large cap stocks once started off asPenny stocks!
Discovery Laboratories Inc. (Nasdaq: DSCO) - Shares of Discovery Laboratories
sank on Monday after the Company announced that the U.S. Food and Drug
Administration (FDA) has requested clarification and provided recommendations
regarding the recently-updated product specifications for SURFAXIN^®. The
stock closed down 22.59% yesterday at $1.85.
Life Technologies Corporation (Nasdaq: LIFE) - Life Technologies Corp. hit a
new 52-week high of $73.02 on Monday. The move came after news revealed
yesterday that Thermo Fisher Scientific Inc. has agreed to buy Life
Technologies Corp for $13.6 billion. LIFE closed up 7.51%, at $73.11.
Penny stockscan deliver sky-rocketing returns and are a popular choice among
UniTek Global Services, Inc. (Nasdaq: UNTK) - UNTK split more than in half on
Monday after the Company announced on Friday that it will restate its
financial results for the interim periods ended March 2012, June 2012 and
September 29, 2012, as well as for the fiscal year ended December 2011 and the
interim period ended October 1, 2011. The stock hit a new 52-week low of $0.95
in intra-day trading yesterday.
Desarrolladora Homex, SAB de CV (NYSE: HXM) - HXM sank to a new 52-week low of
$6.15 on Monday with trading volume roughly three times higher than average.
The sock was one of the biggest decliners on the NYSE yesterday.
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