TrendingWallStreet.com Initiates Coverage on RHT, BBRY, TGRO, and XXII


Follow this company

Companies Mentioned

NYSE:RHT / NASDAQ:BBRY / OTC:BB:TGRO / OTC:BB:XXII
12/23/2013 [ACCESSWIRE]

Whether it’s a bull or bear market, TrendingWallStreet has you covered. Take a few minutes to register with us at http://www.trendingwallstreet.com/ to get exclusive access to our free stock reports.

Red Hat, Inc. (NYSE: RHT) shares closed up 14.49 percent on a little over 15 million shares traded. The stock was one of the most active stocks in the NYSE and hit a new 52-week high of $58.71. The company posted better-than-expected earnings results and forward guidance. Quarterly revenue rose 15% year over year to $397 million, including a 17% gain in subscription revenue to $343 million. This translated to non-generally accepted accounting principles net income of $81 million, or a 45% increase to $0.42 per diluted share. Analysts expected adjusted earnings of just $0.35 per share on sales of $383.13 million.

Get more information on Red Hat, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/RHT

BlackBerry Limited (NASDAQ: BBRY) shares closed up 15.52 percent on Friday with nearly 140 million shares traded. The stock was one of the biggest gainers on the NASDAQ. The company reported a massive $4.4-billion loss in its fiscal third quarter and a 56% drop in revenue in its first quarterly report under new Chairman and Chief Executive John Chen. Chen said on a conference call with analysts Friday that BlackBerry "has a really good shot" of turning a profit in 2016 and management will try its best to achieve the goal.

Get more information on BlackBerry Limited and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/BBRY

Tiger Oil and Energy, Inc. (OTC: TGRO) shares closed up 24.79 percent on about 8 million shares traded. The stock was one of the most active stocks in the OTC market trading over 8 million shares. The stock even hit a new 52-week high of $1.08 during intra-day trading. The company announced that it has secured a commitment from a nonrelated source for the $600,000 required to proceed with drilling plans for the Cowley County KS in partnership with TOTO Energy LLC. Tiger will earn a 30% working interest and a 24.45% Net Royalty Interest in the wells drilled and fracked.

Get more information on Tiger Oil and Energy, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/TGRO

22nd Century Group, Inc. (OTCBB: XXII) shares closed up 12.57 percent on Friday with about 900,000 shares traded. The stock was one of the most active stocks in the OTCBB market and hit a new 52-week high of $1.88 during intra-day trading. On December 16th, the company announced that the Company’s warrant exchange, which concluded last Thursday, was a huge success greatly exceeding management’s expectations. The warrant exchange reduced 22nd Century Group’s “derivative warrant liability” by 93 percent and generated gross proceeds of approximately $3.6 million for the Company.

Get more information on 22nd Century Group, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/XXII

 

Disclosure: TrendingWallStreet.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

COMMENTS

Leave a comment...
 * 

Your Name
 *