Volume Buzz (RSH, ASTI, International Business Machines, OIBR, OMG)
NEW YORK, January 24,2013 (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:-
RadioShack Corporation (NYSE:RSH) shares jumped 4.50% and closed at $2.32. The company, on Jan. 14, announced the end of its relationship with Target, where it helps operate Target Mobile in 1,500 Target stores, effective April 8, 2013. The RadioShack and Target partnership provided RadioShack access to manage Target’s post-paid mobility business, but RadioShack did not manage the prepaid mobility business or the wider range of accessories offered in Target stores.
Can RSH Continue To Move Higher? Find Out Here
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) shares gained 4.47% to $0.742. The company, on Jan. 14, announced the retail debut of the company’s EnerPlex solar assisted battery case for the Samsung Galaxy S III, now available for sale atwww.goenerplex.com. The EnerPlex Surfr for Galaxy S III takes advantage of Ascent’s ultra-light, thin and flexible solar panels and enables Galaxy users to charge their smartphones with sunlight in addition to conventional charging methods to extend the usage time.
Can ASTI Extend Rally? Find Out Here
International Business Machines Corp. (NYSE:IBM) shares climbed 4.41% and closed at $204.72 after the company’s fourth quarter net income rose 10% to $6.1 billion, or $5.39 a share from $4.71 a year earlier. Revenue dropped 1% to $29.3 billion due to the sale of its retail business in the third quarter. Analysts had expected the company to report net income of $5.95 billion, or $5.25 a share, on revenue of $29.05 billion.
Can IBM Extend Jump? Find Out Here
Oi SA (ADR) (NYSE:OIBR) shares increased 4.40% and closed at $4.03 after Telemar Participacoes SA announced that on January 22, 2012 it approved the election of Mr. Jose Mauro Mettrau Carneiro da Cunha to hold a post of Chief Executive Officer of Oi SA in replacement of Mr. Francisco Tosta Valim Filho. Simultaneously, Mr. Jose Mauro Mettrau Carneiro da Cunha resigned from his position as Chairman of the Board of Directors of Oi SA and indicated his alternate, Mr. Jose Augusto da Gama Figueira, to be a new Chairman of the Board of Directors of Oi SA.
Will OIBR Bounce Back? Get Free Trend Analysis Here
OM Group, Inc. (NYSE:OMG) shares gained 4.28% to $27.02 in the last trading session after the company, on Jan. 22, announced that it signed definitive agreements to exit its Advanced Materials business. The company sold the downstream portion of the business to a joint venture to be held by Freeport-McMoRan Copper & Gold Inc. ( FCX ), Lundin Mining Corporation and La Generale des Carrieres et des Mines, for total potential consideration of up to $435 million. OM Group also announced that its Board of Directors has authorized the repurchase of up to $50 million of its common shares.
Will OMG Bounce Back? Get Free Trend Analysis Here
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- Stocks With Gaining Price Action : C. R. Bard, Inc. (NYSE:BCR), Merit Medical Systems, Inc. (NASDAQ:MMSI), AngioDynamics, Inc. (NASDAQ:ANGO)
- Biotech Upward Movers : Medivation, Inc. (NASDAQ:MDVN), Tokai Pharmaceuticals, Inc. (NASDAQ:TKAI), CytoDyn Inc. (OTCMKTS:CYDY)
- Morning Market Buzz: United Natural Foods, Inc. (NASDAQ:UNFI), Core-Mark Holding Company, Inc. (NASDAQ:CORE), SpartanNash Co (NASDAQ:SPTN)
- Investors Favorite Pick : Costco Wholesale Corporation (NASDAQ:COST), PriceSmart, Inc. (NASDAQ:PSMT), Gordmans Stores, Inc. (NASDAQ:GMAN)
- Stocks Gaining Momentum : BIND Therapeutics, Inc. (NASDAQ:BIND), Merrimack Pharmaceuticals, Inc. (NASDAQ:MACK), TESARO, Inc. (NASDAQ:TSRO)