DepoMed Inc. (NASDAQ: DEPO), a Menlo Park, California-based specialty pharmaceutical company, earlier this month announced a favorable “Markman” claim construction ruling by Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California in a patent infringement case against Lupin Limited and its subsidiary. The company said that in the Markman [...]
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Top Small-cap Tech Stock; Opnext Swings to Profit, shares Take-off
Our members are up big again in this stock today – are you signed up? Opnext Inc. (NASDAQ: OPXT) shares soared right off the bat this morning, gaining more than 30% at the opening bell. The Fremont, California-based designer and manufacturer of optical components, modules and subsystems for communications uses, released its fourth-quarter fiscal 2011 [...]
Global Earth Energy has Stellar Trading Performance powered by $300M Coal Sale
Global Earth Energy (OTCBB: GLER) shares skyrocketed more than 175% today after it made a joint announcement with its partner Modern Coal regarding the sale of 100,000 metric tons of coal per month for 36 months. Pacific Coast Plaza Inc. is paying approximately $85 per metric ton, valuing the deal at more than $300 million. [...]
OTC Stock: Jammin Java is Jammin’ Indeed
Many of our members are making huge gains on this stock since our first alert – sign up or miss out! Jammin Java Corp. (OTC: JAMN) shares launched into the green today, driving 54% gains in late morning trade, contributing to a week of steady gains. The company this morning announced Balram Vaswani as its [...]
Q1 Review; Zhongpin Earnings Steam thins in Monday Trade
Despite a strong kick in Friday’s afterhours trading, the momentum wasn’t enough for shares of Zhongpin Inc. (NASDAQ: HOGS) to trade in the green this morning. The company last week reported strong first-quarter results as compared with same period previous year, posting a 27% rise in its first-quarter profit, exceeding analysts’ estimates, mainly due to [...]
Surging Stock; Glu Mobile’s Trimmed Loss spurs Trading
Glu Mobile Inc. (NASDAQ: GLUU) shares surged more than 11% after the global publisher of 3D social mobile games for smarthphone and tablet devices reported narrower losses for the first quarter as compared to comparable period previous year. The company’s total revenue for the first quarter was $16.4 million, a 5% decrease from $17.3 million [...]
Can Netflix live up to Citi’s High Marks?
A Citi analyst rating kicked Netflix Inc. (NASDAQ: NFLX) shares into the green today after the company was upgraded from a Hold to a Buy rating. Citi also issued a revised price target of $300 vs. a previous target of $245. Citi contests that the movie rental firm may hit 50 million subscribers by 2013; [...]
Intel Rises on a Number of Stock Upgrades with Strong Q1 Results
Intel Corp. (NASDAQ: INTC) shares are in the green after the release of modified stock ratings and price targets by a number of equity firms for the company. FBR Capital analysts upgraded shares from a Market Perform rating to an Outperform. FBR Capital currently has a $27 price target on the stock, up previously from [...]
Bank of America Plans Spin-off of BAML Capital Partners
Bank of America Corporation (NYSE: BAC) announced its plans to spin-off BAML Capital Partners into its own unnamed firm, with more than $5 billion in assets and with no plans to make new private equity investments. This firm would be responsible for the bank’s private equity assets for a fee, winding those positions down over [...]