Shares of Sirius XM Radio Inc. (NASDAQ: SIRI) rallied more than 3% after Moody's lifted the company's debt ratings from B3 to B2 and raised its probability of default rating from B2 to B1.
Apple Inc. (NASDAQ: AAPL) rose more than 2% after Wedbush Securities analyst Scott Sutherland lifted his price target on the stock to $450 from $445, and raised his estimates for this year and next on the prospect Apple has “enough horsepower to drive continued revenue growth and upside to estimates.” Sutherland also reiterated his Outperform ratng on the stock.
Shares of General Moly, Inc. (AMEX: GMO) soared more than 17% after the company posted slides from the upcoming Goldman Sachs Basic Materials conference on their website. On valuation, General Moly said with $15/lb moly prices (current price) NPV for GMO is $15.17 per share, or 3.75x the current price. The company also said the Mercator transaction values GMO at $7.05 per share, or 1.75x the current share price.
Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) jumped more than 40% after the company announced that it has received a contract to deliver 100+ plug-in hybrid electric (PHEV) pickup truck fleet vehicles powered by Dow Kokam lithium ion battery technology to The Dow Chemical Company (NYSE: DOW).
Martha Stewart Living Omnimedia Inc. (NYSE: MSO) rallied more than 25% on Wednesday after the company said that it has retained the investment firm Blackstone Advisory Partners to explore strategic partnerships. The company executives said that Blackstone will review and respond to parties that have approached it about partnering with or investing in the company, "as well as other opportunities." The company said there is no assurance the move will result in a partnership or transaction.
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