Top Stock Gainers (MOTR, TASR, AMCC, LNET, DV)
NEW YORK, October 31, 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:-
Motricity Inc(NASDAQ:MOTR) stock soared 29.20% to $0.730 in the last trading session. The company announced the results of its previously announced rights offering. Pursuant to the Rights Offering, on July 23, 2012, the Company distributed 46,163,685 subscription rights to the holders of its common stock. Each subscription right entitled the holder thereof to purchase, for a subscription price of $0.65 per unit, a unit consisting of 0.02599 shares of 13% Redeemable Series J Preferred Stock and 0.21987 warrants to purchase a share of common stock at an exercise price of the greater of $0.65 and 120% of the closing price of the common stock on the date of issuance
Can MOTR Continue To Move Higher? Find Out Here
TASER International, Inc.(NASDAQ:TASR) stock surged 26.29% to $8.07. The company reported third quarter net income of $0.07 per share today, compared to $0.02 per share last year. Net sales were $28.8 million, an increase of 18.0% compared to third quarter 2011 sales of $24.4 million.
Can TASR Extend Rally? Find Out Here
Applied Micro Circuits Corporation(NASDAQ:AMCC) shares increased 26.21% and closed at $5.73 after the company reported second quarter loss of $10.53 million or a loss of $0.16 per share, compared to a net income of $1.10 million or earnings of $0.02 per share last year. Revenues for the quarter were $46.3 million, compared to $64.9 million a year ago. Analysts expected losses of $0.16 per share and expected revenues of $45.28 million for the second quarter.
Additionally, AMCC’s stock had its “perform” rating restated by analysts at Oppenheimer in a research report issued to clients and investors yesterday.
How Should Investors Trade AMCC Now? Find Out Here
LodgeNet Interactive Corp.(NASDAQ:LNET) shares surged 25.69% to $0.440. The company announced that it has reached a forbearance agreement regarding its credit agreement with lenders holding a majority of the loans thereunder. The company stated that this agreement advances the company’s ongoing process, as announced on August 21, 2012, of working with its financial advisors and lenders to address its capital structure and liquidity needs and implement a long term strategic solution that best positions the company for the future.
How Should Investors React To LNET Now? Find Out Here
DeVry Inc.(NYSE:DV) shares gained 24.93% to $26.01 after the company posted first quarter net income of $31.99 million or $0.49 per share, from $57.48 million or $0.83 per share in the year-ago quarter. Total revenue for the quarter declined 7% to $482.74 million from $519.04 million in the same period last year. Analysts expected the company to earn $0.30 per share on revenue of $482.67 million.
Can DV Continue To Move Higher? Find Out Here
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