Big Movers: Apple Inc, Magnum Hunter Resources, Acura Pharmaceuticals, United States Steel Corporation


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NASDAQ:AAPL / NASDAQ:ACUR
04/17/2013 [ACCESSWIRE]

NEW YORK, April 17, 2013 - cheapstocks.us, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Apple Inc, Magnum Hunter Resources, Acura Pharmaceuticals, United States Steel Corporation.

Magnum Hunter Resources Corp (NYSE:MHR) shares declined 16.87% to $2.76. The company, on April 12, announced that the Company's midstream subsidiary, Eureka Hunter Pipeline, LLC ("Eureka Hunter"),
experienced a flash fire yesterday evening at a "pig receiving station" located in Tyler County, West Virginia.

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The initial reports indicate that the fire was fueled by natural gas liquids that ignited in tanks during pipeline pigging operations, but was limited to above ground facilities. The pipeline did not rupture and, according to initial inspection, was completely unaffected by the fire. The fire was extinguished by local responding fire department personnel.

Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) shares plunged 62.79% to $3.50 on no official news. The company on Mar. 15 announced that its universal shelf registration statement on Form S-3 was declared effective by the Securities and Exchange Commission (SEC).

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The universal shelf registration statement permits the Company to offer and sell, from time to time, on a continuous or delayed basis in the future, up to $75 million of equity, debt or other types of securities described in the shelf registration statement, or any combination of such securities, in one or more future public offerings.

Additionally, the company, on Mar. 4, announced financial results for the year and three months ended December 31, 2012. The Company reported a net loss of $3.0 million for the fourth quarter 2012 or $0.06 per diluted share, compared to net loss of $1.6 million or $0.03 per diluted share for the same period in 2011. The company recorded no revenue in either period.

United States Steel Corporation (NYSE:X) shares fell 1.62% to $16.35. Jefferies analyst Luke Folta reiterated a Hold rating on United States Steel Corporation on April 16, but lowered the price target from $24.00 to $18.00.

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Additionally, the company, on April 2, announced that interested shareholders, investors and others may listen to the company's first quarter 2013 conference call with securities analysts on Tuesday, April 30, 2013, at 2 p.m. EDT. The call, which will be available via the U. S. Steel website, will cover first quarter 2013 financial results and may include forward-looking information.

Apple Inc.(NASDAQ:AAPL) shares dropped 3.54% to $411.11. AAPL’s stock had its target price trimmed by RBC Capital from $600.00 to $550.00 in a report released on April 17. RBC Capital currently has an
outperform rating on the stock.

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The company’s iPhone unit estimates for the quarters ending March and June were lowered by FBN Securities analyst Shebly Seyrafi, who retained his "Outperform" rating and price target of $650 on the stock on Mar. 27. However, the analyst sees AAPL addressing the low-end iPhone concern in second half and the lack of a 5" or higher iPhone concern in calendar 2014.

Additionally, the European Union on Mar. 22 said it is looking into potential antitrust violations involving the distribution of Apple Inc's iPhones and iPads, after receiving what sources said were informal complaints from telecoms operators.

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