NEW YORK, April 2, 2013 /PRNewswire/ --
The Institute for Supply Management
revealed that its index of factory activity slipped to 51.3
percent. This is down from 54.2 percent in February, which was the
fastest growth since June 2011. RW
Baird lifted its price target on eBay from $60 to $65, citing the company's three year
guidance; its Mobile and PayPal momentum, and potential for
continued growth in its eBay Marketplace. The stock is rated at
"outperform."
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BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) - Shares of BCRX
soared on Monday after the Company announced that it received a
preliminary comment letter from the U.S. Food & Drug
Administration that outlines a pathway by which BioCryst could file
a New Drug Application seeking regulatory approval of intravenous
peramivir; the company's anti-viral agent. The stock closed up
15.97% yesterday at $1.38.
Many mid or large cap stocks once started off
as Penny stocks!
Quicksilver Resources Inc. (NYSE: KWK) - Shares of KWK rose the
most ever in intra-day trading yesterday after the company agreed
to sell a 25% in Barnett Shale assets to Tokyo Gas Co. for
$485 million, which is more than its
market value. In intra-day trading the stock rose 41 percent, the
biggest intra-day increase since it began trading publicly in
March 1999.
Tesla Motors, Inc. (Nasdaq: TSLA) - Tesla Moters hit a new
52-week high of $46.68 on Monday. The
Company pre-announced first-quarter profitability and said that it
beat its Model S sales target. The Company was one of the highest
risers on the Nasdaq yesterday and closed up 15.94%.
Penny stocks can deliver
sky-rocketing returns and are a popular choice among many investors
in the market because of how much lower they trade than big cap
companies.
Excel Maritime Carriers, Ltd. (NYSE: EXM) - Excel Maritime
Carriers saw one of the biggest volume advances on the NYSE on
Monday. Though the stock closed down 5.17%, trading volume at
nearly 4 million shares was significantly higher than average.
American Greetings Corp. (NYSE: AM) - American Greetings Corp.
hit a new 52-week high of $18.11 in
intra-day trading. The Company has agreed to be taken private for
about $602 million by a group led by
some of its top executives. They will buy the shares of the company
they don't already own for $18.20 a
piece in cash.
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