DryShips Inc. (NASDAQ:DRYS) shares climbed 6.44% to $3.29. The company on Nov. 4 announced its unaudited financial and operating results for the third quarter (3Q) ended Sept. 30. For the 3Q2013, the Company reported a net loss of $63.9 million, or $0.17 basic and diluted loss per share. The Company reported Adjusted EBITDA of $183.6 million for the third quarter of 2013, as compared to $141.0 million for the third quarter of 2012. On November 4, 2013, the Ocean Rig Mylos, commenced drilling operations under the three year contract with Repsol Sinopec Brazil S.A.
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Tesla Motors Inc (NASDAQ:TSLA) shares gained 5.34% to $126.94. pasting. Tesla's stock has reached a favorable entry point, Deutsche Bank wrote in a note to investors earlier today. At current levels Tesla's stock is not pricing in sales from the company's mass market vehicles, Deutsche Bank contended. Expected to be launched in 2017, these vehicles could cause the auto maker's sales volume to at least triple, the firm contended. Tesla also has a number of other upcoming potential positive catalysts, according to Deutsche Bank. These include a favorable resolution of the probe by the U.S. government into fires involving a number of Tesla vehicles, strong orders from China, and further increases in the company's profit margins, the firm contended. Deutsche Bank expects the results of the federal probe to be favorable to Tesla, and it kept a $200 price target and Buy rating on the shares.
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Eltek Ltd.(NASDAQ:ELTK) stock surged 49.77% to $3.19. The company on Nov. 27 announced its financial results for the quarter ended September 30, 2013. Revenues for the quarter ended September 30, 2013 were $12.8 million compared with revenues of $10.8 million recorded in the third quarter of 2012. Net profit for the third quarter of 2013 was $585,000 or $0.09 per fully diluted share, compared to net profit of $135,000 or $0.02 per fully diluted share, in the third quarter of 2012. The earnings per share calculation does not include the effect of our sale of 3,532,655 shares to Nistec Ltd. in November 2013.
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Synovus Financial Corp. (NYSE:SNV) shares jumped 1.74% to $3.50. The company on Nov. 7 said it celebrated 125 years as a banking organization by giving back to the community with its “Little Ways to Make A Big Difference event. This project was part of Synovus’ community outreach program called REACH (Recognizing and Encouraging an Atmosphere of Community and of Hope).
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During the month of October, Synovus team members partnered with more than 100 community groups and agencies across the company’s five-state footprint. Team members donated hundreds of hours on projects that included running and walking for the American Cancer Society, building Habitat homes, teaching Junior Achievement classes, and landscaping at schools and children’s homes.
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