High Five and A Few Stinkeyes
The Gap Inc.(NYSE:GPS) shares jumped 1.53% to $26.54 after analyst at Caris & Company rerated the stock “average” rating to an “above average” rating and lifted the price target by $5 to $32 a share. Analyst at Janney Montgomery Scott also upgraded the stock from a “neutral” rating to a “buy” with a price target of $33.
CPI Aerostructures, Inc.(NYSEAMEX:CVU) rose 7.73% to $16.02 after falling about 5% in prior week. The stock has soared over 36% so far this year. CPI Aerostructures, Inc. (CPI Aero) is engaged in the contract production of structural aircraft parts principally for the United States Air Force and other branches of the United States armed forces, either as a prime contractor or as a subcontractor to other defense prime contractors.
LIGHTHOUSE PETROLEUM INC(PINK:LHPT) shares more than doubled on hefty volume of 7.61 million shares, well above its average volume of 26K shares. There is no official news, which could justify today’s rally, but considering the low value, such unusual moves can’t be ignored. Watch out for this one.
Willbros Group, Inc.(NYSE:WG) shares soared 29.63% to $4.20 despite the company projects an operating loss of $46.0 million in the fourth quarter 2011, on revenue of $404.9 million. On the positive side, the company additionally announced that a unit of its Oil & Gas segment has been awarded a contract by Energy Transfer Partners, L.P. to construct a portion of the Red River Gathering Pipeline.
Winner Medical Group, Inc(NASDAQ:WWIN) added 17% to $3.98 after the company Jianquan Li, Chairman and Chief Executive made an offer to acquire the company for $105 million or $4.30 a share in a cash deal.
Pinnacle Airlines Corp.(NASDAQ:PNCL) shares are hammered down over 55% to $0.604 and made a new 52-week low of $0.50. The company filed for bankruptcy protection late on Sunday, the latest victim of high fuel prices and dampened travel demand.
New Concept Energy, Inc.(NYSEAMEX:GBR) shares lost 24.64% to $2.08 after the company said that it had a net loss of $11.9 million as compared in the fourth quarter to a net income of $125,000 for the three months ended December 31, 2010. Moreover, the stock made a new 52-week low of $1.55 earlier in the session.
YPF SA (ADR)(NYSE:YPF) lost 14.40% to $24.32 after the company said it plans to revoke the company’s most productive field. The oil producer has lost 12 licenses in five provinces since March 14 after President Cristina Fernandez de Kirchner’s government demanded higher investment to curb output declines and help cut imports.
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