Shares of Molycorp
Inc (NYSE:MCP) slumped another 7.50% to $6.95 and made another life time low of
$6.61. On Friday, the stock slumped 13% as SEC filing discloses
an SEC investigation regarding the accuracy of disclosures of certain sales of
stock by officers, directors and private equity firms, as well as certain
corporate acquisitions during 2011.
Has MCP found The
Rebound and Ready To Move Up? Find Out Here
Leucadia National Corp.(NYSE:LUK) shares gained
0.69% to $21.80after Leucadia National and Jefferies
Group announced that the boards of directors of both companies have approved a
definitive merger agreement under which Jefferies' shareholders will receive
0.81 of a share of Leucadia common stock for each share of Jefferies common
stock they hold. The merger is expected to close during the first quarter of
2013.
The Coca-Cola Company(NYSE:KO) stock increased 0.30%
to $36.40. The Coca-Cola Company replaces its corporate
website with Coca-Cola Journey, a rich, socially enabled digital platform.
Coca-Cola Journey represents a significant leap forward in how Coke will use
digital communications to drive business results and share the Coca-Cola system
story with the world.
Additionally, KO‘s stock had its “neutral” rating
reaffirmed by Zacks in a report released last week. They currently have a
$38.00 target price on the stock.
Beazer Homes USA, Inc.(NYSE:BZH) posted a
fourth-quarter net loss of $66.23 million, as compared with $43.18 million last
year, while quarterly loss per share narrowed to $2.82, from $2.91 a year ago.
Analysts expected loss per share of $1.22 for the quarter. Total revenue
advanced to $370.93 million, from $334.91 million in the prior-year quarter.
Analysts estimated revenues of $335.11 million for the quarter.
D.R. Horton, Inc.(NYSE:DHI) stock climbed 3.35% to
$21.29 after the company reported a fourth quarter
profit of $100.1 million, or $0.30 a share, as compared with a year-ago profit
of $35.7 million, or 11 cents a share. Home-building revenue jumped 21% to $1.3
billion. Analysts most recently forecast earnings of 28 cents on revenue of
$1.35 billion.
Crexus Investment Corp(NYSE:CXS) shares climbed
14.86% to $12.70. Annaly Capital Management announced that
it has proposed to the Board of Directors of CreXus Investment to acquire for
cash all of the shares of CreXus that Annaly does not currently own. CreXus has
approximately 76,630,528 shares of common stock outstanding, of which Annaly
holds 9,527,778 shares, or approximately 12.4%.
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