Stocks In Focus (BZH, EWBC, FNSR, RRD, ACI)
NEW YORK, OCTOBER 15,2012 (MESHPRESS) – Beststocksdaily.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:-
Beazer Homes USA, Inc. (NYSE:BZH) shares increased 4.25% to $16.90 in the last trading session after the company announced the effectiveness of a 1-for-5 reverse split of its common stock. Shares of BZH common stock will begin trading on a split-adjusted basis on the New York Stock Exchange under the Company’s existing symbol “BZH” upon the opening of the NYSE on October 12, 2012. Beazer Homes’ stockholders approved the reverse stock split at a special meeting of stockholders.
Can BZH Continue To Move Higher? Find Out Here
East West Bancorp, Inc. (NASDAQ:EWBC) shares declined 4.23% and closed at $20.39 in the last trading session. The company will discuss third quarter 2012 earnings with the public on Thursday, October 18, 2012 at 8:30 A.M. PT/ 11:30 A.M. ET via the Company’s live quarterly earnings conference call. The public and investment community are invited to listen as management discusses third quarter results and operating developments.
Can EWBC Continue To Move Higher? Find Out Here
Finisar Corporation (NASDAQ:FNSR) shares fell 4.22% to $12.04 in yesterday’s session. Finisar’s stock had its price target decreased by Stifel Nicolaus from $20.00 to $18.00 in a research report sent to investors last week. The firm currently has a buy rating on the stock. Separately, analysts at Lazard Capital initiated coverage on shares of FNSR in a research note to investors on October 1. They set a neutral rating on the stock.
Can FNSR Extend Rally? Find Out Here
R.R. Donnelley & Sons Company (NASDAQ:RRD) shares dropped 4.14% and closed at $10.66 in the previous trading session. Fitch Ratings has assigned a ‘BBB-’ rating to R.R. Donnelley & Sons proposed senior secured bank credit facility of up to $1.25 billion. Fitch has also downgraded RRD’s Issuer Default Rating (IDR) and senior unsecured notes and debentures to ‘BB’ from ‘BB+’. The Rating Outlook remains Negative.
Can RRD Continue To Move Higher? Find Out Here
Arch Coal Inc (NYSE:ACI) shares declined 4.03% and closed at $7.62 in yesterday’s session. Goldman Sachs lowered shares of Arch Coal from a neutral rating to a sell rating in a research report released last week. Separately, analysts at Morgan Stanley initiated coverage on shares of Arch Coal in a research note to investors this month. They set an underweight rating and a $3.50 price target on the stock.
Can ACI Extend Rally? Find Out Here
Frontline Ltd(NYSE:FRO) shares dropped 5.54% and closed at $3.58 in yesterday’s session. The 52 week trading range for the company is $2.52 – $9.47. The shares of the company declined 40% in the last one year. The company is a shipping company. The Company is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers.
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