Notable Stocks Losers on Wednesday (SKS, CHRS, OSBC, MVIS)
Stock Losers on Wednesday.
(EMAILWIRE.COM, September 02, 2010 )
Dallas, Tx - Saks Incorporated (NYSE:SKS) shares fell over 6% to $7.42 following a jump of 20% in the previous trading session after it was downgraded at JP Morgan to Neutral from Overweight, following yesterday's surge on takeover speculation.
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The Daily Mail disclosed a consortium of U.S. and British firms may make a cash offer of $11 per share, or $1.7 billion in all, for the company. However, the news is just an undisclosed source.
Saks Incorporated is a fashion retail organization offering a range of distinctive luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. The Company’s operations consist of Saks Fifth Avenue (SFA), Saks Fifth Avenue OFF 5TH (OFF 5th) and SFA’s e-commerce operations.
Charming Shoppes, Inc. (NASDAQ:CHRS) plunged 12.20% to $2.96 and made a new 52-week low of $2.84 after the company Charming Shoppes reported a 2nd quarter net loss of $8.6 million, or 7 cents per share, compared to net income of $5.0 million, or 4 cents per share, a year earlier.
Revenue fell 1.8% to $517.6 million, down from $527.2 million a year earlier.
According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 6 cents per share, on revenue of $513.10 million.
Charming Shoppes, Inc. (CHRS) closed Tuesday trading at $3.37 per share. Analysts covering the company's stock give it a consensus price target of $7.17 per share.
Old Second Bancorp Inc. (NASDAQ:OSBC) fell 7.25% to $0.77 on heavy volume and made a new 52-week low of $0.73.
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Old Second Bancorp, Inc. is a bank holding company. The Company conducts a full service community banking and trust business through its wholly owned subsidiaries. The Company’s subsidiaries include Old Second National Bank (the Bank); Old Second Capital Trust I, Old Second Capital Trust II, Old Second Affordable Housing Fund, L.L.C., and Station I, LLC.
Microvision, Inc. (NASDAQ:MVIS) fell 5.40% to $2.46. Microvision, Inc. develops miniature display and imaging engines based upon its PicoP display engine platform. The Company’s technology platform utilizes two dimensional Micro-Electrical Mechanical Systems (MEMS), lasers, optics, and electronics to create video or still image from a small form factor device. During the year ended December 31, 2009, the Company had launched the sale of a small accessory projector based on the PicoP display engine.
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Dallas, Tx - Saks Incorporated (NYSE:SKS) shares fell over 6% to $7.42 following a jump of 20% in the previous trading session after it was downgraded at JP Morgan to Neutral from Overweight, following yesterday's surge on takeover speculation.
To Subscribe to these free Stock Newsletters visit http://www.PennyStockPickAlert.com .
The Daily Mail disclosed a consortium of U.S. and British firms may make a cash offer of $11 per share, or $1.7 billion in all, for the company. However, the news is just an undisclosed source.
Saks Incorporated is a fashion retail organization offering a range of distinctive luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. The Company’s operations consist of Saks Fifth Avenue (SFA), Saks Fifth Avenue OFF 5TH (OFF 5th) and SFA’s e-commerce operations.
Charming Shoppes, Inc. (NASDAQ:CHRS) plunged 12.20% to $2.96 and made a new 52-week low of $2.84 after the company Charming Shoppes reported a 2nd quarter net loss of $8.6 million, or 7 cents per share, compared to net income of $5.0 million, or 4 cents per share, a year earlier.
Revenue fell 1.8% to $517.6 million, down from $527.2 million a year earlier.
According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 6 cents per share, on revenue of $513.10 million.
Charming Shoppes, Inc. (CHRS) closed Tuesday trading at $3.37 per share. Analysts covering the company's stock give it a consensus price target of $7.17 per share.
Old Second Bancorp Inc. (NASDAQ:OSBC) fell 7.25% to $0.77 on heavy volume and made a new 52-week low of $0.73.
To Subscribe to these free Stock Newsletters visit http://www.PennyStockPickAlert.com .
Old Second Bancorp, Inc. is a bank holding company. The Company conducts a full service community banking and trust business through its wholly owned subsidiaries. The Company’s subsidiaries include Old Second National Bank (the Bank); Old Second Capital Trust I, Old Second Capital Trust II, Old Second Affordable Housing Fund, L.L.C., and Station I, LLC.
Microvision, Inc. (NASDAQ:MVIS) fell 5.40% to $2.46. Microvision, Inc. develops miniature display and imaging engines based upon its PicoP display engine platform. The Company’s technology platform utilizes two dimensional Micro-Electrical Mechanical Systems (MEMS), lasers, optics, and electronics to create video or still image from a small form factor device. During the year ended December 31, 2009, the Company had launched the sale of a small accessory projector based on the PicoP display engine.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert offers Stock Newsletter on various hot stocks of the day. Our stock news on top stocks, small cap penny stocks and other stocks, help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily penny stock alerts. You can become leader in stock market by keeping track of the daily activity.
Disclaimer:
The assembled information disseminated by PennyStockPickAlert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. PennyStockPickAlert.com does expect that investors will buy and sell securities based on information assembled and presented in PennyStockPickAlert.com. PLEASE always do your own due diligence, and consult your financial advisor.
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Press release distribution and press release services by EmailWire.Com:
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PennyStockPickAlert.com
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
PennyStockPickAlert.com
Robert Wilson
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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