The Market Rebounds and Sea World Makes its Debut
NEW YORK, April 22, 2013
NEW YORK, April 22, 2013 /PRNewswire/ --
Most stocks saw gains on Friday, bouncing back from losses on Thursday when
the S&P 500 closed below its 50-day moving average for the first time this
year. Sea World Entertainment Inc. made its debut on the New York Stock
Exchange trading under the ticker SEAS. The company's initially public
offering of 26 million shares was priced at $27 per share. SEAS closed on
Friday at $33.84 a share.
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General Electric Company (NYSE: GE) - General Electric Company closed down
4.06% on Friday even though the Company reported that earnings rose 16% on NBC
sale. Revenue from Europe however fell 17 percent compared with last year and
dragged the stock lower. Shares closed at $21.75 on Friday.
Many mid or large cap stocks once started off asPenny stocks!
Excel Maritime Carriers, Ltd. (NYSE: EXM) - EXM was one of the biggest
decliners on the NYSE on Friday. The stock closed down 43.62% at $0.4398.
According to the Daily Docket: Excel Maritime May Enter Bankruptcy. The stock
has a 52-week trading range of 0.36 - 1.91.
Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) - Shares of VRTX hit a new
52-week high on Friday of $85.90. The stock closed with gains of nearly 62% on
Friday after the company announced positive mid-stage data for its combination
of VX-661 and its FDA-approved Kalydeco for the treatment of cystic fibrosis
in patients with the F508del mutation.
Penny stockscan deliver sky-rocketing returns and are a popular choice among
Microsoft Corporation (Nasdaq: MSFT) - Microsoft led the DOW on Friday after
the Company's fiscal 3Q report topped Wall Street expectations. Microsoft said
late Thursday that it earned $6.1 billion, or 72 cents per share, in the third
quarter. Shares of MSFT closed up 3.39% on Friday at $29.76.
Chipotle Mexican Grill, Inc. (NYSE: CMG) - Analysts raised their 12-month
price targets on Chipotle after the Company beat 1Q earnings. Chipotle's
first-quarter 2013 earnings of $2.45 per share beat the Zacks Consensus
Estimate of $2.14 per share by 14.5%. According to the latest FactSet poll of
Wall Street analysts, the next stop for Chipotle is $376.38. Shares of CMG
closed up 11.54% on Friday at $366.25.
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