Stock Losers (SINA, BTU, KEG, VALE, MON)
NEW YORK, December 27, 2012 (MESHPRESS) – PennyStockParlay.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
SINA Corp(NASDAQ:SINA) shares gained 1.52% to $48.03. The company reported third quarter adjusted net income of $0.17 per share, down from $0.26 per share in the previous year. The consensus estimate was for EPS of $0.11. Adjusted net revenues grew 18% to $147.69 million from $125.60 million in the same quarter last year, and topped the consensus estimate of $146.03 million.
Additionally, the company expects to report fourth quarter adjusted net revenues of $132 million to $136 million, compared to the consensus estimate of $151.90 million.
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Peabody Energy Corporation (NYSE:BTU) shares jumped 1.50% and closed at $26.39 in the last trading session. Analysts at Bank of America Merrill Lynch reaffirmed its rating on Peabody Energy while also cutting its price target for the coal company. The analysts give BTU an “Underperform” rating and lowered the price target from $22 to $20.
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Key Energy Services, Inc.(NYSE:KEG) shares climbed dropped 1.47% to $6.91. The 52 week trading range for the company is $5.70 – $18.18. The shares of the company fell 47% in the last one year. The company provides a range of well services to major oil companies, foreign national oil companies and independent oil and natural gas production companies.
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Vale SA (ADR)(NYSE:VALE) shares climbed 1.47% to $20.42. The company has initiated paying $674 million ($1.4 billion real) to the Brazilian government for violating an agreement over mining royalties. VALE has decided to settle a10-year-old dispute with Brazil’s federal government, agreeing to pay 3 installments of 100 million reais in 2012 and remaining one installments of 1.1 billion reais in the next year.
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Monsanto Company (NYSE:MON) shares climbed 1.40% and closed at $94.10. The company said that it has been notified by the Iowa Attorney General’s office that an investigation into Monsanto’s use of transgenic traits and the production and marketing of its glyphosate Roundup has ended.
Additionally, the company announced it will issue the company’s financial results for its fiscal 2013 first quarter and annual research and development pipeline update on Tuesday, Jan. 8, 2013, prior to market open.
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