Carnival Sinks on Dismal Q2 Outlook; Bank of America Downgrades Himax Technologies to Underperform


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NYSE:CCL / NASDAQ:HIMX / PK:REDG / OTC:BB:WPWR
03/26/2014 [ACCESSWIRE]

Carnival Corporation (NYSE: CCL) – For an in-depth report on Carnival Corporation follow: www.BullTrends.com/stockquote/CCL

Carnival Corporation closed down nearly 5% on Tuesday with about 12.7 million shares traded. The drop came after the cruise-ship operator warned that it might not be able to make a profit for the quarter. The company expects net revenue yield (in constant dollar) to decline in the range of 3% to 4% in second-quarter fiscal 2014.

Himax Technologies, Inc. (NASDAQ: HIMX) - For an in-depth report on Himax Technologies, Inc. follow: www.BullTrends.com/stockquote/HIMX

Shares of Himax Technologies closed down 11.36% on Tuesday with nearly 25 million shares traded. The stock was one of the biggest losers on the NASDAQ. Bank of America downgraded the company from buy to underperform. Analyst Dan Heyler slashed his price target to $12.50 (from $17.58), representing about 7% worth of downside to Monday’s closing price.

Red Giant Entertainment, Inc. (OTC: REDG) - For an in-depth report on Red Giant Entertainment, Inc. follow: www.BullTrends.com/stockquote/REDG

Shares of REDG exploded on Tuesday to close up over 211% with nearly 430 million shares traded. The stock was one of the biggest gainers in the OTC market and had one of the biggest volume jumps as well. Earlier in the month the company announced that Capcom, Carbine Studios, Diamond Comic Distributors, and DK Publishing's Lego brand books will be among some of the inaugural advertisers in Giant-Size Comics, the Company's revolutionary free line of ad-supported print comic books.

Well Power, Inc. (OTCBB: WPWR) - For an in-depth report on Well Power, Inc. follow: www.BullTrends.com/stockquote/WPWR

Shares of WPWR closed down nearly 30% on Tuesday with about 5.4 million shares traded almost. The stock was one of the biggest decliners in the OTCBB marketplace. There was no significant news to explain the drop. Earlier in the month the company announced that it had paid to ME Resource Corp. the initial licensing fee payment of USD $100,000.  As per the terms of the Licensing Agreement for the Micro-Refinery Unit ("MRU"), the Company will pay further licensing fees which will be used towards the engineering and development of a full scale pilot project in the licensed territory of Texas.

 

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