Wednesday, September 12, 2012

Facebook Inc (NASDAQ:FB) Jumps Over to $20 Level -FB, TSL, XRTX, CASY, ANGI

Facebook Inc(NASDAQ:FB) stock gained 3.55% to $20.12 in pre-market trading founder Mark Zuckerberg, who made his first public appearance in San Francisco since the company's market debut in May, admitted that his venture's performance on Wall Street had been disappointing.

“The performance of the stock has obviously been disappointing,” he said. “We care about our shareholders.”

Looking at ease in a gray t-shirt, jeans and sneakers, the 28-years old entrepreneur made statements clearly aimed at reassuring investors that the company was engaged finding out ways to increase revenues.

Has FB Found The Bottom and Ready To Move Up? Find Out Here

Trina Solar Limited (ADR)(NYSE:TSL) shares climbed 3.17% to $4.23. The company announced the U.S. launch of Trina Solar Partner Plus, a partner program that provides tools to help solar installers grow their businesses. Backed by Trina Solar's balance sheet strengths, Trina Solar's Partner Plus program continues the Company's track record of product leadership, industry firsts, and strategic investments into the long-term growth of the solar industry and its partners.

Xyratex Ltd.(NASDAQ:XRTX) shares declined 16.85% to $8.93 after the company announced that for the third quarter of 2012, it expects revenue to be between $271 million and $276 million compared to the previously guided revenue range of $313 million to $373 million. Analysts are expecting the Company to report revenue of $344 million for the third quarter of 2012.

Casey's General Stores, Inc.(NASDAQ:CASY) and Kum & Go announced that they have signed an Asset Purchase Agreement for Casey's to acquire 22 convenience stores from Kum & Go. The stores are located in Iowa, Missouri and North Dakota. Kyle J said that their company is committed to carefully-planned, strategic growth – that's evidenced by the fact that we'll open 40 new stores this year alone.

Angie's List Inc(NASDAQ:ANGI) stock gained 0.64% to $11 in the pre-market hour. Raymond James reaffirmed their outperform rating on shares of Angie’s in a report issued yesterday. They currently have a $17.00 target price on the stock. The company operates a consumer-driven solution for its members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services.

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