Notable Buzzers: Twitter Inc, Sarepta Therapeutics Inc, SolarCity Corp, General Electric Companyadmin
New York, January 06, 2014 / Accesswire / – Market Buzz Report, which provides live alerts on penny stocks, issues critical stocks analysis for Twitter Inc (NYSE:TWTR), Sarepta Therapeutics Inc (NASDAQ:SRPT), SolarCity Corp (NASDAQ:SCTY), General Electric Company (NYSE:GE).
Twitter Inc (NYSE:TWTR) shares dropped 5.85% to $65 in the pre-market hour. TWTR’s stock was downgraded by Macquarie Capital on Dec. 27, which said the stock has gone “too far, too fast.” Ben Schachter, a Macquarie analyst in New York, lowered his rating from neutral to underperform – the equivalent of sell. The shares have jumped 40 percent since Macquarie initiated coverage on Dec. 11, without any improvement in Twitter’s fundamentals, Schachter said in a report.
Additionally, on Dec. 16, Bob Peck from SunTrust downgraded shares of Twitter from Buy to Hold also as a valuation call and has had a $50 price target since before the shares went public. He wrote “We are lowering our rating on Twitter to Hold from Buy, as the stock has surpassed our year end 2014 $50 target by ~20%.”
Free Urgent Insider Catalyst Report For TWTR Available Here: http://marketbuzzreport.com/index.php?code=TWTR (Or Copy and paste the URL into your browser)
Sarepta Therapeutics Inc (NASDAQ:SRPT) shares dropped 6.22% to $19.16 in the pre-market hour. Canaccord downgraded Sarepta’s stock on Dec. 6 citing near-term uncertainty around the company’s talks with the FDA. The firm keeps a $20 price target for shares.
Additionally, the company announced that it is scheduled to present at the 32nd Annual J.P. Morgan Healthcare Conference in San Francisco, CA on Wednesday, January 15, 2014 at 4:30 p.m. Pacific Time. Chris Garabedian, Sarepta’s president and chief executive officer, will be the presenter.
Free Urgent Insider Catalyst Report For SRPT Available Here: http://marketbuzzreport.com/index.php?code=SRPT (Or Copy and paste the URL into your browser)
SolarCity Corp (NASDAQ:SCTY) shares gained 0.91% to $57.45. The company on Dec. 20 announced that it has increased the size of its Corporate Revolver to $200 million. This three-year credit facility bears interest of 2.25% over Base Rate or 3.25% over LIBOR. Bank of America Merrill Lynch is the Sole Lead Arranger and Sole Bookrunner, with an additional five participating lenders. The expanded credit facility will be used primarily to fund SolarCity’s growth. The company has set a goal to surpass 1 million customers in 2018.
Additionally the company on Dec. 16 announced a new, 8,000-square-foot operations center in Blackwood, New Jersey, that will bring new jobs to the area and help South Jersey homeowners save money by using cleaner energy.
Free Urgent Insider Catalyst Report For SCTY Available Here: http://marketbuzzreport.com/index.php?code=SCTY (Or Copy and paste the URL into your browser)
General Electric Company (NYSE:GE) shares increased 0.43% to $27.60 in the pre-market hour. GE Capital, Corporate Finance on Jan. 6 announced that it provided a $50 million senior credit facility to Stoli Group USA, the North American producer and distributor of Stolichnaya® vodka. The financing will be used for working capital and general corporate purposes.
Additionally, GE (GE) and Thermo Fisher Scientific (TMO) on Jan. 6 announced that they have entered into an agreement for GE Healthcare to acquire Thermo Fisher’s HyClone™ cell culture media and sera, and gene modulation and magnetic beads businesses for approximately $1.06 billion. The acquisition will allow GE to expand its offering of technologies for the discovery and manufacturing of innovative new medicines, vaccines and diagnostics in its growing Life Sciences business.
Free Urgent Insider Catalyst Report For GE Available Here: http://marketbuzzreport.com/index.php?code=GE (Or Copy and paste the URL into your browser)
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Posted: January 6th, 2014 under ACCESSWIRE.