Big Movers: Netflix, MannKind Corporation, InterOil Corporation, Infosys Ltd ADR


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NASDAQ:MNKD / NYSE:INFY
04/12/2013 [ACCESSWIRE]

NEW YORK, April 12, 2013 - cheapstocks.us, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Netflix, MannKind Corporation, InterOil Corporation, Infosys Ltd ADR.

Netflix, Inc.(NASDAQ:NFLX) shares climbed 1.36% to $175.11 after the company’s Chief Executive Officer Reed Hastings posted quarterly viewer data on Facebook, a day after announcing he’d take advantage of new
rules that allow material information to be disclosed over social media.

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Additionally, Netflix and Hasbro, Inc. (NASDAQ: HAS) on April 11 announced an expanded agreement making two of the hottest new Hasbro Studios shows, Littlest Pet Shop and Kaijudo: Rise of the Duel Masters,
available to Netflix members in the U.S. Kaijudo is available now and Littlest Pet Shop will be available summer 2013.

MannKind Corporation(NASDAQ:MNKD) shares fell 8.14% to $3.94. Bank of America analyst Steve Byrne reiterated a Buy rating on MannKind on Mar. 27 and raised the price target from $3.00 to $5.00. Byrne noted that
they commissioned a survey of 75 primary care physicians (PCPs) to assess the market opportunity for MNKD's inhaled insulin candidate Afrezza in both type 1 and type 2 diabetes patients. Results indicated meaningful use within a year of approval.

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InterOil Corporation (USA) (NYSE:IOC) shares climbed 6.64% to $73.47. Pacific Rubiales Energy Corp. (PRE.TO) has completed the farm-in transaction with InterOil Corporation relating to InterOil's acquisition of a
10.0% net (12.9% gross) participating interest in Petroleum Prospecting License 237 onshore Papua New Guinea, including the Triceratops structure and exploration acreage located within that license.

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Additionally, the company, on Feb. 27, announced financial and operating results for the fourth quarter and full year ended December 31, 2012. The company recorded a net profit for the year ended December 31, 2012 of
$1.6 million, compared with a profit of $17.7 million for the same period in 2011, a decrease of $16.1 million.

Infosys Ltd ADR(NYSE:INFY) shares decreased 17.70% to $44.65. The company, on March 15, announced that the Company has been selected by India Post to implement and manage a platform that will transform its rural
operations. With this new agreement, Infosys will facilitate India Post's Rural Systems Integration (RSI) program. As part of an earlier agreement, Infosys is also partnering with India Post to transform its financial services operations and experience under the Financial Services System Integration program. Infosys will develop a Service Delivery Platform (SDP).

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