Notable Services Stocks Movers (SIRI, RSH, SBUX, BBY, TWX, TUTR, FINL)
Services Stocks Notable Movers.
(EMAILWIRE.COM, March 26, 2010 ) Dallas, Tx - Sirius XM Radio Inc. (NASDAQ:SIRI) fell 0.33% to $0.870 after it announced that The NASDAQ Stock Market LLC ("NASDAQ") has scheduled a hearing on April 29, 2010, at which the Company will be afforded the opportunity to request continued listing on The NASDAQ Global Select Market pending its return to compliance with NASDAQ's $1.00 per share bid price requirement. So far the stock surged 50% in this year.
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RadioShack Corporation (NYSE:RSH) spurted 7.24% to $23.38. Reuters reported that, according to the New York Post, RadioShack Corporation is exploring alternatives including a share buyback or a possible sale of the Company that could net more than $3 billion.
Starbucks Corporation (NASDAQ:SBUX) climbed 2.02% to $24.70. The stock has a 52-week range of $10.81-$26.00.
Best Buy Co., Inc. (NYSE:BBY) is gaining 1.20% to $43.17 after it announced that it has authorized payment of a regular quarterly cash dividend of $0.14 per common share. The quarterly dividend is payable on May 6, 2010, to shareholders of record as of the close of business on April 15, 2010. The stock has a 52-week range of $0.12-$2.23.
Time Warner Inc. (NYSE:TWX) surged 0.91% to $31.51. Over the last 52 weeks the stock has ranged from a low of $17.81 to a high of $32.85.
PLATO Learning, Inc. (NASDAQ:TUTR) soared 13.03% to $5.55. Kendall Law Group announced that it is investigating PLATO Learning, Inc. for shareholders in connection to the proposed sale of the Company to Thoma Bravo, LLC. The firm is investigating whether PLATO and the Board breached their fiduciary duties by not properly shopping the Company prior to entering into the agreement. On March 26, 2010, PLATO Learning, Inc. announced that it had entered an agreement to be acquired by Thoma Bravo, LLC in a $143 million transaction. According to the agreement, shareholders will receive $5.60 in cash per TUTR share owned, which represents a 14% premium over the $4.91 closing price on the last trading day before the announcement. The transaction is expected to close by July 31, 2010. The firm is concerned that PLATO's Board of Directors may have kept the Company from reaching a deal that would provide better value of the Company. The stock today also touched a new 52 week high at $5.69.
The Finish Line, Inc. (NASDAQ:FINL) zoomed 14.19% to $16.74 reported results for the fourth quarter and fiscal year 2010, representing the 13-week and 52-week periods ended February 27, 2010. Net sales increased 8.9% to $374.5 million in the fourth quarter compared to $344.1 million a year ago. Comparable store net sales increased 10.0% in the fourth quarter compared to a 2.3% comparable store net sales decline for the same period a year ago. For the 52 weeks ended February 27, 2010, net sales declined 1.9% to $1.17 billion compared to $1.19 billion last year. For the fiscal year, comparable store net sales decreased 0.5% compared to a 0.3% increase last year.
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RadioShack Corporation (NYSE:RSH) spurted 7.24% to $23.38. Reuters reported that, according to the New York Post, RadioShack Corporation is exploring alternatives including a share buyback or a possible sale of the Company that could net more than $3 billion.
Starbucks Corporation (NASDAQ:SBUX) climbed 2.02% to $24.70. The stock has a 52-week range of $10.81-$26.00.
Best Buy Co., Inc. (NYSE:BBY) is gaining 1.20% to $43.17 after it announced that it has authorized payment of a regular quarterly cash dividend of $0.14 per common share. The quarterly dividend is payable on May 6, 2010, to shareholders of record as of the close of business on April 15, 2010. The stock has a 52-week range of $0.12-$2.23.
Time Warner Inc. (NYSE:TWX) surged 0.91% to $31.51. Over the last 52 weeks the stock has ranged from a low of $17.81 to a high of $32.85.
PLATO Learning, Inc. (NASDAQ:TUTR) soared 13.03% to $5.55. Kendall Law Group announced that it is investigating PLATO Learning, Inc. for shareholders in connection to the proposed sale of the Company to Thoma Bravo, LLC. The firm is investigating whether PLATO and the Board breached their fiduciary duties by not properly shopping the Company prior to entering into the agreement. On March 26, 2010, PLATO Learning, Inc. announced that it had entered an agreement to be acquired by Thoma Bravo, LLC in a $143 million transaction. According to the agreement, shareholders will receive $5.60 in cash per TUTR share owned, which represents a 14% premium over the $4.91 closing price on the last trading day before the announcement. The transaction is expected to close by July 31, 2010. The firm is concerned that PLATO's Board of Directors may have kept the Company from reaching a deal that would provide better value of the Company. The stock today also touched a new 52 week high at $5.69.
The Finish Line, Inc. (NASDAQ:FINL) zoomed 14.19% to $16.74 reported results for the fourth quarter and fiscal year 2010, representing the 13-week and 52-week periods ended February 27, 2010. Net sales increased 8.9% to $374.5 million in the fourth quarter compared to $344.1 million a year ago. Comparable store net sales increased 10.0% in the fourth quarter compared to a 2.3% comparable store net sales decline for the same period a year ago. For the 52 weeks ended February 27, 2010, net sales declined 1.9% to $1.17 billion compared to $1.19 billion last year. For the fiscal year, comparable store net sales decreased 0.5% compared to a 0.3% increase last year.
About http://www.PennyStockPickReport.com
Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks ,most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.
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PickReport
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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