NEW YORK / ACCESSWIRE / June 02, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for MannKind Corporation, Alpha Natural Resources, NQ Mobile Inc, Netflix.
MannKind Corporation (NASDAQ:MNKD)’s shares gained 4.09% to $8.90. The company will present at upcoming conferences. Jefferies 2014 Global Healthcare Conference on June 2, 2014 at 2:30 pm (ET) in New York, New York; Goldman Sachs 35th Annual Global Healthcare Conference on June 12, 2014 at 11:20 am (PT) at the Terranea Resortin Rancho Palos Verdes, California.
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Additionally, the company on May 12 reported financial results for the first quarter ended March 31, 2014. For the first quarter of 2014, total operating expenses were $41.4 million, versus $36.4 million for the first quarter of 2013, an increase of $5.0 million. The net loss was $52.1 million, or $0.14 per share, compared with a net loss of $41.0 million, or $0.15 per share for the first quarter of 2013.
NQ Mobile Inc (ADR) (NYSE:NQ)’s shares jumped 11.78% to $7.59. The company on May 30 announced that it has entered into a definitive agreement to sell a minority interest in its wholly owned subsidiary, FL Mobile. Specifically, NQ Mobile has signed a definitive agreement to sell up to 5.88% of FL Mobile, or up to a total of $25 million, consisting of $15 million to Bison Mobile Limited, a division of Bison Capital Co Ltd and $10 million from other investors, at a pre-money valuation of $400 million dollars or post-money valuation of $425 million. The funds will be used to further expand and enhance the FL Mobile business, brand and content. The investment has a redemption right if FL Mobile does not complete a qualified IPO within 12 months after the investment is completed.
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Additionally, the company on May 30 announced the updated revenue guidance for its first quarter ended March 31, 2014. The Company now expects first quarter 2014 net revenues to exceed the previously announced revenue guidance range of $75-$76 million, an increase of over 125% over the prior year comparable period. The Company saw continued strength in its businesses, in particular in the enterprise segment.
Alpha Natural Resources, Inc. (NYSE:ANR)’s shares declined 5.06% to $3.38. The company on May 13 announced the pricing of its private offering of $500 million aggregate principal amount of 7.50% senior secured second lien notes due 2020. The offering is expected to close on May 20, 2014, subject to customary closing conditions.
Additionally, the company announced that members of Alpha's management team plan to participate in several investor conferences, including: the Bank of America Merrill Lynch Energy & Power Leveraged Finance Conference on June 4; the 1st Annual Clarkson Capital Markets Coal Roundtable Discussion on June 5; and the Sterne Agee 2014 Boston Executive Summit on June 17.
Netflix, Inc. (NASDAQ:NFLX)’s shares gained 0.63% to $417.83. The company premiered the second season of "Derek," the original series starring, written, directed and executive-produced by Emmy and Golden Globe winner Ricky Gervais on Friday, May 30, 2014 at 12:01 AM PT.
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Additionally, the company on May 21 plans to significantly expand in Europe later this year, offering a wide-range of entertainment for a low monthly price in Germany, Austria, Switzerland, France, Belgium and Luxembourg. Upon launch, broadband users in these countries can subscribe to Netflix and instantly watch a curated selection of Hollywood, local and global TV series and movies, including critically-acclaimed Netflix original series, whenever and wherever they like on TVs, tablets, phones, game consoles and computers.
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