Watchlt Technologies Inc. (PINK: WTCT) shares skyrocketed 120% in today’s trading. In the last three trading sessions the penny stock has gained 200%. The rally has pushed the stock above its 50-day and 200-day moving averages. The gains follow the company’s quarterly results earlier this week showing, showing positive net income as a reflection of [...]
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Melco Crown Stock Review; Shares lifted on Q1 Swing to Profit
Our members continue to see big gains since we originally called this one. Be sure to sign up today! Melco Crown Entertainment Ltd. (ADR) (NASDAQ: MPEL) shares gained nearly 4% this morning after the company today released its first-quarter financial results. Melco Crown reported first-quarter net revenue of $806.6 million, up 42% over the same [...]
Orthovita Shares thrive on Upgrade Energy
Orthovita Inc. (NASDAQ: VITA) spiked more than 5% this morning, spurred by a recent upgrade by analysts at Canaccord Genuity from a Hold rating to a Buy rating with a $3.25 price target on the stock. Also, analysts at Zacks Investment Research reiterated an Underperform rating on the stock. The company recently announced its first-quarter [...]
Immersion Swings from Q1 Loss to Profit, Traders React
Investors jumped at Immersion Corp.’s (NASDAQ: IMMR) 2011 first-quarter profit compared to a loss in the same quarter of 2010, pushing shares up toward 15% gains on the day. The small-cap technology company demonstrated continued growth in revenues from royalties, which increased 30% year-over-year, driven primarily by the mobile and gaming segments. The company reported [...]
Slacking Hollywood Demand leads to Narrowed Q4 Results for LodgeNet Interactive
LodgeNet Interactive Corp. (NASDAQ: LNET) shares inched into the green this morning, gaining 1% on momentum from the company’s recently reported narrower fourth-quarter earnings as compared. LodgeNet provides media and connectivity solutions for hospitality, healthcare and other guest-based businesses. Fourth-quarter revenues decreased 8.7% to $107.7 million from $118.1 million in the prior year quarter, mainly [...]
Cisco Systems Downgraded By Auriga
Cisco Systems Inc. (NASDAQ: CSCO) was recently downgraded by analysts at Auriga from Buy to Hold rating and its price target was cut from $23 to $19. An Auriga analyst commented, “While we continue to expect CSCO to improve its competitive positioning in edge routers (ASR9000) and high end switching (Nexus 7000) by fixing product [...]
KIT Digital to Expand Market Reach with ioko365 Acquisition
KIT Digital Inc. (NASDAQ: KITD) shares jumped into the green this morning, moving on news the company has signed a definitive agreement with ioko365 Ltd., in which KIT will acquire 100% stake in the company for $79.4 million. This consideration also includes prospective performance based incentive payments. Ioko365 is involved in the business of providing [...]
M&A News; Endo Pharmaceuticals pays $2.9B for American Medical Systems
Shares of Endo Pharmaceuticals (NASDAQ: ENDP) and American Medical Systems (NASDAQ: AMMD) are on the move in today’s trading after Endo announced it will acquire American Medical for $30 per share in an all cash deal valued at $2.9 billion, including the assumption and repayment of $312 million in American Medical Systems debt. The combination [...]
Hot Stock in Focus; Tempur Pedic loses Steam on Strong Q1 Forecast
Tempur Pedic International Inc. (NYSE: TPX) shares slipped 2% in today’s trading, shaving 17% gains made after the company announced its outlook for strong financial numbers in the first quarter of the year. Tempur Pedic upgraded its outlook for the full financial year, saying it expects its full-year net sales to be in the range [...]
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GWBU is the next Awesome Penny Stock Alert
Ok this will be short and sweet with many more details to come, but everyone was asking me “What is the next AwesomePennyStock Alert?” Today we have our answer in ...
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