Gainers In Focus: MAKO, YGE, ZLCS, SBGI, FMCN
NEW YORK, December 20,2012 (MESHPRESS) – Csrnewsdaily.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following Tuesday’s Top Gainers:-
MAKO Surgical Corp.(NASDAQ:MAKO) shares jumped 7.12% and closed at $13.69 in the last trading session. The company announced that Maurice R. Ferré, M.D., President and Chief Executive Officer and Fritz L. LaPorte, Senior Vice President and Chief Financial Officer of MAKO, will present at the 31st Annual J.P. Morgan Healthcare Conference at the Westin St. Francis Hotel in San Francisco on Wednesday, January 9, 2013 at 7:30 am PT.
Additionally, MAKO‘s stock had its “market perform” rating restated by equities researchers at Wells Fargo & Co. in a report issued on Dec. 3.
Can MAKO Continue To Move Higher? Find Out Here
Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) stock increased 7.08% to $2.42. The company announced a module performance warranty insurance agreement (the “Agreement”) with one of Munich Re’s specialty primary insurers. According to the Agreement, Yingli Green Energy and Munich Re will provide additional economic security for large-scale commercial and utility project developers, investors and debt providers. The Agreement will cover Yingli Green Energy’s multicrystalline modules sold from October 1, 2012 to September 30, 2013.
Can YGE Extend Fall? Find Out Here
Zalicus Inc(NASDAQ:ZLCS) shares climbed 6.85% to $0.641 in the previous trading session. The company has reported third quarter net loss of $12.17 million, or $0.1 loss per share, compared to net loss of $9.25 million, or $0.09 loss per share, for the same quarter ended September 30, 2011. Total revenue for the third quarter ended September 30, 2012 was $3.52 million, compared to $2.43 million for the same quarter ended September 30, 2011.
How Should Investors Trade ZLCS Now? Find Out Here
Sinclair Broadcast Group, Inc.(NASDAQ:SBGI) shares increased 6.80% and closed at $12.40 in yesterday’s session. The company says the company has finalized its acquisition of several television stations, including WOAI-TV in San Antonio. The total transaction is valued at nearly $460 million. The company has also closed on a deal to sell one of its San Antonio stations, KMYS, to Deerfield Media Inc.
Additionally, Benchmark Co. reissued their buy rating on shares of Sinclair Broadcast Group and currently has a $16.00 price target on the stock.
How Should Investors React To SBGI Now? Find Out Here
Focus Media Holding Limited (ADR)(NASDAQ:FMCN) shares climbed 6.73% to $25.52. The company announced that it has entered into a definitive Agreement and Plan of Merger with Giovanna Parent Limited (Parent) and Giovanna Acquisition Limited (Merger Sub), pursuant to which Parent will acquire Focus Media for $5.50 per ordinary share of the Company or $27.50 per American depositary share, each representing five Shares (an ADS).
This amount represents a premium of 17.6% over the Company’s closing price of $23.38 per ADS on August 10, 2012 , the last trading day prior to August 13, 2012, the date that the Company announced it had received a going-private proposal, and a premium of 36.6% and 33.9% to the volume-weighted average closing price of the Company’s ADSs during the 30 and 60 trading days prior to August 13, 2012 , respectively. The Transaction values Focus Media’s equity at approximately $3.7 billion , on a fully diluted basis.
How Should Investors React To FMCN Now? Find Out Here
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