NEW YORK / ACCESSWIRE / June 24, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for : J.C. Penney Company, ParkerVision, BullsnBears.com, Pfizer Inc.
J.C. Penney Company, Inc.(NYSE:JCP)’s shares fell 3.44% to $8.69. The company on June 23 announced that it has closed its new $2.35 billion asset-based senior secured credit facility, comprised of a $1.850 billion revolving line of credit and a $500 million term loan. The new facility replaces a $1.850 billion credit facility that was scheduled to mature in April 2016 and provides better pricing terms than the previous facility. Proceeds from the term loan will be used to pay down the cash borrowings on the previous facility. The revolving line of credit will be available for working capital and general corporate purposes.
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ParkerVision, Inc. (NASDAQ:PRKR)’s stock dropped 63.07% to $1.85. The company on June announced that on Friday, June 20, United States District Judge Roy B. Dalton issued the following rulings related to outstanding motions in the ParkerVision v. Qualcomm patent infringement case: Qualcomm's Motion for Judgment as a Matter of Law and Motion for New Trial Regarding Invalidity was denied; Qualcomm's Renewed Motion for Judgment as a Mater of Law and Motion for New Trial Regarding Non-Infringement was granted; All other remaining motions were denied as moot.
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Additionally, the company on June 13 announced that Petitions for Inter Partes Review of three of the company's patents were filed with the United States Patent and Trademark Office ("USPTO"). The petitions were filed by Michael Farmwald, admitted short-seller of the Company's stock, and RPX Corporation, requesting a review of ParkerVision patents 6,370,371, 6,266,518 and 6,061,551.
BullsnBears.com, Inc. (OTCMKTS:BNBI)’s shares climbed 4.02% and closed at $1.81. The company on Apr. 3 announced that the Company has engaged IR Affiliates and StockGuru.com for investor relations and market awareness. John Pentony, the President of IR Affiliates and StockGuru.com will operate as investor relations for Bullsnbears.com.
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John Pentony of IR Affiliates and StockGuru.com commented, "I am a believer in what James Palladino is doing at Bullsnbears.com. With all the Company has going on right now, I see so many ways my company's properties can work in concert with Bullsnbears.com to the benefit of BNBI shareholders. I look forward to speaking to current and prospective shareholders."
Pfizer Inc. (NYSE:PFE)’s shares declined 1.11% and closed at $29.45. The company on June 8 announced today the publication of two-year results from the ORAL Start study in the June 19 issue of The New England Journal of Medicine. ORAL Start is a 24-month Phase 3 study in patients with moderately to severely active rheumatoid arthritis who had not previously received methotrexate. The study showed that XELJANZ (tofacitinib citrate) 5 mg and 10 mg twice daily, as monotherapy (e.g., taken without methotrexate), inhibited the progression of structural damage and reduced the signs and symptoms of rheumatoid arthritis, and was statistically significantly superior to methotrexate on these measures at Month 6 (primary endpoint) and at all measured time points up to 24 months.
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Additionally, the company on June 11 announced that over 10 abstracts have been accepted for presentation at the European League Against Rheumatism (EULAR) 2014 Annual Meeting (June 11-14, Paris, France), seven of which are focused on further characterizing the safety profile of XELJANZ (tofacitinib citrate) in treating moderately to severely active rheumatoid arthritis.
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SOURCE: Market Buzz Report
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