Tuesday, August 21, 2012

Stocks Showing Unusual Moves (LPHI, LNKD, NFLX, FNV, SOL)

Life Partners Holdings, Inc. (NASDAQ:LPHI) shares climbed 16.80% to $1.53 after Life Partners Holdings, parent company of Life Partners, Inc., announced that a Texas district refused to grant state officials the right to block Life Partners' business or appoint a receiver. Life Partners said that Judge Orlinda Naranjo's order allows the company to continue conducting its business in the ordinary course pending a temporary injunction hearing. An evidentiary hearing on the state's petition for a temporary injunction is set for August 30, 2012.

Linkedin Corporation (NYSE:LNKD) shares gained 2.61% to $105.61. The 52 week trading range for the company is $55.98 - $120.63. The shares of the company surged 33% in the last one year. LinkedIn is a professional network on the Internet with more than 90 million members in over 200 countries and territories.

Netflix, Inc. (NASDAQ:NFLX) shares increased 1.57% to $65.28 after Caris & Co. upgraded shares of Netflix to an average rating in a research note issued to investors today. Analysts expect that Netflix will post $0.01 EPS for the current fiscal year. The company is an Internet subscription service streaming television shows and movies. Additionally, the company signed up 1 million members in the U.K. and Ireland following its long-awaited launch in January, part of a drive to offset slowing U.S. market growth.

Franco-Nevada Corporation (NYSE:FNV) shares fell 2% to $48.55 after CIBC World Markets boosted their price target on shares of Franco-Nevada from $55.00 to $58.00 in a research note issued today and the firm currently has an “outperform” rating on the stock. Additionally, Franco-Nevada Corporation and Inmet Mining Corporation announced that their subsidiaries have agreed to terms for a precious metals stream on the Cobre Panama copper project in Panama.

ReneSola Ltd. (ADR) (NYSE:SOL) shares climbed 7.43% to $1.88. The company last week announced it has formally obtained certification from the Standards Institution of Israel ("SII") for the Company's solar modules, including its Virtus series, monocrystalline series and multicrystalline series of solar modules.

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