Csrnewsdaily.com Issues Investment Alert On (NASDAQ: SVNT), (NASDAQ: PEIX), (NASDAQ: FCAL), (NASDAQ: GLUU), (NYSE: HDY)Csrnewsdaily.comMacReport Media
Savient Pharmaceuticals, Inc.(NASDAQ: SVNT) shares dropped 21.32% to $1.10. The company announced that the Company's third quarter 2012 financial results will be released prior to the market open on Thursday, November 8, 2012. Savient's executive management will host a conference call beginning at 9:00 a.m. Eastern Time on November 8, 2012, to discuss these results and to answer questions.
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Pacific Ethanol Inc(NASDAQ: PEIX) shares fell 0.85% to $0.374. The company announced it will implement a high-tech system to separate out corn oil at its plant in Stockton. The company has awarded a contract to Edeniq Inc. to implement the Visalia-based companys patented oil separation technology at the plant by the second quarter of 2013.
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First California Financial Group, Inc.(NASDAQ: FCAL) shares increased 0.39% to $7.63. The law firm Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of First California Financial, concerning the proposed acquisition of the Company by PacWest Bancorp. Under the terms of the transaction, California Financial shareholders would receive $8.00 per share in cash. The total value of the transaction is approximately $231 million.
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Glu Mobile Inc.(NASDAQ: GLUU) shares increased 0.86% to $2.34 in the morning hour. Needham & Company cut shares of Glu Mobile from a strong-buy rating to a buy rating in a research note issued to investors last week. The firm currently has $5.00 target price on the stock, down from their previous target price of $8.00.
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Hyperdynamics Corporation(NYSE: HDY) shares increased 0.85% to $1.19. The company announced that its wholly owned subsidiary, SCS Corporation Ltd, ("SCS") has entered into an agreement with a subsidiary of Tullow Oil plc, a leading independent oil & gas exploration company, for exclusive negotiations in respect of a potential acquisition of a forty percent (40%) gross interest in the Concession offshore Guinea. The exclusivity period is scheduled to terminate on November 19, 2012.
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