Blazing Stocks of the Week: Sirius XM, Freeport-McMoRan, Dangdang, Vringo, TowerStream
SIRIUS XM Radio Inc. (NASDAQ:SIRI) reported Friday that it requested the FTC to “dismiss or deny” an application from Liberty Media (LMCA) to take “de facto” control. Liberty loaned SIRIUS several hundred million dollars in 2009 and possesses preferred stock convertible into 40 percent, which it received as collateral. SIRIUS now fears a takeover, thus the FTC request.
Freeport-McMoRan Copper & Gold Inc.’s (NYSE:FCX) average analyst target price increased from $53.56 to $53.83.
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) has secured an agreement in which it will offer Gome Online’s products in its online marketplace.
Vringo, Inc. (AMEX:VRNG) filed a registration statement (S-3) with the SEC, to allow the sale of up to 2.67 million shares of its common stock on behalf of its current shareholders.
TowerStream Corporation (NASDAQ:TWER) said on Friday that it completed a deal with a national wireless carrier that utilizes its current and future rooftop assets, in regards to Wi-Fi.