Gainers In Focus – SAPX, YOKU, GDP, ACLS, AXAS
NEW YORK, December 19 ,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:-
Seven Arts Entertainment Inc(PINK:SAPX) shares jumped 14.67% to $0.0430. The company reaffirmed that it will issue one warrant (“Warrants”) for each ten shares of its common stock as a dividend to stockholders who owned shares of common stock on August 31, 2012, which serves as the record date. The Warrants will expire on June 30, 2014 and will be exercisable at $.03.
Can SAPX Continue To Move Higher? Find Out Here
Youku Tudou Inc (ADR)(NYSE:YOKU) shares increased 13.51% to $19.24. The company said that its mobile Internet business could help to boost revenues as third-quarter net losses increased. The company reported third-quarter net losses of 91.5 million yuan (S$17.81 million), compared to a net loss of $7.6 million for the same period in 2011. The company expects the mobile sector to contribute more revenue in the coming quarters.
Additionally, the company’s stock had its price target lowered by Piper Jaffray to $17.00 in a research note released this month.
Can YOKU Extend Rally? Find Out Here
Goodrich Petroleum Corporation(NYSE:GDP) shares jumped 12.30% and closed at $9.22. The company announced that it has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock. The dividend will be paid on December 17, 2012 to stockholders of record as of December 3, 2012.
Additionally, GDP’s stock was upgraded by analysts at Iberia Capital from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors last month.
How Should Investors Trade GDP Now? Find Out Here
Axcelis Technologies, Inc.(NASDAQ:ACLS) shares climbed 11.76% to $1.33 in the previous trading session. Axcelis Technologies and Lam Research Corp. announced a strategic collaboration agreement focusing on the interrelationship between ion implantation, etch processes, and photoresist strip applications, including material modification implants and high-dose implant strip (HDIS). Separately, Axcelis decided that it will exit the dry-strip business and divest its dry-strip intellectual property and technology, including the advanced non-oxidizing process technology of its Integra product line, to Lam Research, allowing Axcelis to focus exclusively on the ion implant market.
How Should Investors React To ACLS Now? Find Out Here
Abraxas Petroleum Corp.(NASDAQ:AXAS) shares increased 11.23% and closed at $2.08. The company announced that fourth quarter of 2012, it expects production to average between 4,300-4,500 BOEPD. The variance in guidance is due to the timing of completion and productivity of recent Bakken and Eagle Ford wells. For fiscal 2013, it expects production to average between 4,900-5,200 BOEPD, which equates to approximately 21-28% growth over 2012.
How Should Investors React To AXAS Now? Find Out Here
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