NEW YORK, March 5, 2013 /PRNewswire/ --
According to a new report, Apple Inc. is planning on releasing
their rumored and anticipated smart watch, the "iWatch" later this
year. According to Bloomberg, the device could create larger
revenue opportunity than the HDTV the Company has been working on
for years. A Citigroup analyst quoted in the article estimates that
an Apple smart watch could generate twice as much profit as an
Apple television.
Whether bull or bear The Stock Freak has got you covered! Sign
up to receive our free newsletters and stay up to date with stocks
on the run. http://www.TheStockFreak.com
Ferro Corp. (NYSE: FOE) - Ferro Corp. was one of the biggest
gainers on the NYSE on Monday. The stock hit a new 52-week high of
$6.95 in intra-day trading. The
Company confirmed yesterday they had previously received and
rejected an unsolicited proposal from A. Schulman, Inc. to acquire
all of the outstanding shares of Ferro common stock for
$6.50 per share in cash and stock.
The offer is 25 percent higher than Ferro's closing price on
March 1. This would have resulted in
$563 million in cash and stock, in
attempt for A. Schulman to expand into chemicals used in
electronics and coatings. Volume traded on Monday at 14,483,636
shares was significantly above the stock's average of 1,694,580
shares. Company V.P and CFO bought 65,000 shares on February 21st.
DragonWave Inc. (Nasdaq: DRWI) - DRWI shares saw one of the
biggest drops on the Nasdaq composite yesterday. The stock dropped
as low as $1.69 in intra-day trading,
forming a new 52-week low for the stock. The drop came after the
Company said that for the fourth quarter, it would miss its
forecast. A result of lower sales in the microwave technology
business it bought from Nokia Siemens Networks in 2012. Shares slid
25 percent to a three-month low of C$1.81 on the Toronto Stock Exchange on Monday.
DragonWave estimated revenue of $30
million for the quarter ended February 28. It had forecast $40 million to $45 million. Analysts on average
were expecting $41.8 million,
according to Thomson Reuters I/B/E/S.
Atlantic Power Corporation (NYSE: AT) - Shares of AT hit a new
52-week low of $5.80 on Monday in
intra-day trading after the Company reported a dividend cut and
that their net loss deepened in Q4. The stock closed down almost
17% on volume significantly above average with 8,681,342 shares
traded. The Company reported its Q4 and 2012 results last Friday.
For the quarter, revenue was nearly $114
million, up from the $79
billion in the same period the previous year. Attributable
net loss fell considerably to almost $58
million ($0.50 per diluted
share) from Q4 2011's red figure of just under $30 million ($0.27). For the full year, top line was
$440 million, or more than four times
the 2011 figure of $94 million. But
net loss was also much greater, landing at $113 million ($0.97
per diluted share) for the year against 2011's $38 million ($0.50). On February
28th, two directors in the Company bought a
combined 709 shares.
Select Comfort Corporation (Nasdaq: SCSS) - SCSS was among
several stocks to hit a new 52-week low in the market on Monday.
The stock hit a low of $16.62 in
intra-day trading and posted one of the largest percentage
decreases on the Nasdaq composite. The Company reported yesterday
that it has experienced below-plan sales since Feb. 1, 2013 and will likely miss its internal
goals for the first quarter. The company plans to discuss its
outlook for the balance of the year following the release of
first-quarter financial results scheduled for April 17, 2013. Volume traded yesterday at
8,245,827 shares was roughly seven times higher than average.
GMX Resources Inc. (NYSE: GMXR) - GMXR shares saw a huge drop on
Monday dropping more than 24% to close at $2.33. The Company announced yesterday that it
has been notified by the New York Stock Exchange that it is not in
compliance with one of the continued listing standards of the NYSE.
In accordance with NYSE procedures, GMX Resources has 45 days from
receipt of the notice to submit a plan to the NYSE demonstrating
how it intends to comply with the NYSE's continued listing
standards within 18 months (the "plan period"). The stock has a
52-week trading range of 1.80 - 23.92.
To find similar research reports that are available for free
follow the link below and sign up at http://www.TheStockFreak.com
Disclosure: TheStockFreak.com is not a registered investment
advisor and nothing contained in any materials should be construed
as a recommendation to buy or sell securities. Investors should
always conduct their own due diligence with any potential
investment. Please read our report and visit our website, for
complete risks and disclosures.
SOURCE www.thestockfreak.com