NEW YORK, April 11, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Rite Aid Corporation, Research In Motion Ltd, J.C. Penney Company, MetroPCS Communications Inc.
Rite Aid Corporation(NYSE:RAD) shares jumped 16.65% to $2.08. For the quarter ended March 2, Rite Aid reported a profit of $123.1 million, or 13 cents a share, compared with a year-earlier loss of $161.3 million, or 18 cents a share. The latest period included an inventory accounting-related credit of $175.4 million. Analysts most recently projected a loss of two cents.
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The company posted its first full-year profit in six years as a wave of low-priced generic drug offerings boosted gross margins, while prescriptions filled at the drugstore retailer's stores jumped.
Additionally, Goldman Sachs analyst Matthew J. Fassler reiterated a Neutral rating on Rite Aid on April 5 but slightly lowered the price target from $1.85 to $1.75.
Research In Motion Ltd(NASDAQ:BBRY )shares declined 5.45% to $13.89. The company, on April 10, reported that a number of retailers and wireless carriers in Canada have started taking pre-orders for Research InMotion Ltd (NASDAQ:BBRY)’s brand new Q10 smartphone featuring a QWERTY keyboard.
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Additionally, the company said that it has not unveiled any details regarding the shipment of the smartphone in the United States or Canada. However, a spokeswoman confirmed that the device will hit the Canadian marketin the coming weeks and further details will be revealed soon.
J.C. Penney Company, Inc.(NYSE:JCP) shares gained 3.55% to $14.59. The board of J.C. Penney Co Incis facing scathing criticism from investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his own embattled predecessor, Myron Ullman.
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Additionally, the company, on Mar. 27, said it had resumed a marketing strategy of raising prices and then discounting them on its own brands in a move to protect profit margins and win back the bargain-consciousshoppers it lost last year.
MetroPCS Communications Inc (NYSE:PCS) shares fell 0.26% to $11.53. The company, on April 10, announced that it has rescheduled its Special Meeting of stockholders to vote on matters relating to the proposed combination of MetroPCS with T-Mobile USA, Inc. ("T-Mobile") to April 24, 2013 at 8:00 am Central Time, at the Eisemann Center located at 2351 Performance Drive, Richardson, Texas 75082.
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Additionally, the company on April 10 announced that it has rescheduled its Special Meeting of stockholders to vote on matters relating to the proposed combination of MetroPCS with T-Mobile USA, Inc. ("T-Mobile") to April 24, 2013 at 8:00 am Central Time, at the Eisemann Center located at 2351 Performance Drive, Richardson, Texas 75082.
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