Neuralstem OFFERS 7M Shares and 4 Hot Stocks Demanding Attention
Skullcandy Inc (NASDAQ:SKUL) shares surged 3.19 percent to $12.30 during trading after hours. The shares lost over 16 percent in regular trading following Morgan Stanley‘s downgrading of the shares to a rating of “equal weight” in a research note that was issued Thursday. Shares of Skullcandy Inc are trading 7.38% higher today.
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Neuralstem, Inc. (NYSEAMEX:CUR) used today to announce the pricing of a registered direct offering of 7,000,000 shares of its common stock, which is to be given at a price to the public of $1.00 per share. The gross proceeds from this offering could reach $7.0 million, prior to the deduction of placement agent fees along with other estimated offering expenses that will be payable by Neuralstem. The offering will close on or about September 19, 2012, and continues to be subject to customary closing conditions. Shares of Neuralstem, Inc. are trading 12.32% lower today.
Sprint Nextel Corporation’s (NYSE:S) 4G LTE network build has begun in over 100 more cities within its existing nationwide 3G footprint. “We are committed to delivering a cutting-edge network as quickly as possible, one that provides a greater level of reliability and speed to our 3G and 4G customers,” said corporate Senior Vice President – Network, Bob Azzi. As of now, the company’s new 4G LTE service is offered in 19 metropolitan areas, and it believes that the nationwide build out of the all new 3G and 4G network will be finished by 2013′s end.
Alpha Natural Resources, Inc. (NYSE:ANR) share prices have traded up to $30.96 per share and down to $5.28 during the past 52 weeks.As of the latest close, its price saw an increase of 41 percent in comparison with the 52-week low and was 316 percent lower than the 52-week high. After the recent close, the company’s market capitalization reached $1.64 billion. Shares of Alpha Natural Resources, Inc. are trading 6.93% higher today.
Analogic Corporation (NASDAQ:ALOG) shares were boosted on Thursday evening after quarterly results from trumped Wall Street’s expectations, as a reduced sales outlook pressured Western Digital Corp. shares. As the company reported that its Q4 earnings were 96 cents per share, Analogic shares rallied 11 percent to $76.50, and adjusted earnings saw a 59 percent increase taking it to $1.32 cents a share. The company’s revenue was boosted 12 percent to $151 million from the period during the previous year, which is more than Wall Street’s projection of $142.3 million in sales. Shares of Analogic Corporation are trading 13.52% higher today.
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