Beacon Equity Research announces the release of Trade Alerts covering market movers: Cree Inc. (Nasdaq: CREE), Take-Two Interactive Software Inc. (Nasdaq: TTWO), Celgene Corp. (Nasdaq: CELG), Las Vegas Sands Corp. (NYSE: LVS), Atlas Pipeline Partners LP (NYSE: APL) and AngloGold Ashanti Ltd. (NYSE: AU).
In the Trade Alert, the author highlights Intel’s interest in purchasing Cree bolsters investor interest:
“Cree Inc. (CREE) shares surged 6.62% to $26.91 in today’s early trading. Cree develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN), and related compounds. … Shares of the market-leading innovator of lighting-class LEDs (light-emitting diodes) rose after speculation of a takeover bolstered investor interest. According to one news source, Intel might be interested in buying the company. … Also boosting the shares, CEO Chuck Swoboda has cited the increased demand for highly efficient LED lighting despite the economy. In an interview, Swoboda said LEDs are gaining traction with businesses eager to slash their energy costs and save on maintenance.”
The Trade Alert author also featured Take-Two’s settling of charges by the U.S. Securities and Exchange Commission:
“Take-Two Interactive Software Inc. (TTWO) shares climbed 1.77% in today’s early trading, moving to $8.62. Take-Two Interactive Software is a global publisher, developer and distributor of interactive entertainment software, hardware and accessories. … The company recently announced it settled charges by the U.S. Securities and Exchange Commission of backdating employee stock options. … According to the press release, the ‘Grand Theft Auto’ publisher is paying the $3 million civil penalty without admitting or denying the SEC's allegations. Also, the company is paying $300,000 to the district attorney, in part to reimburse costs related to the investigation and to review its corporate governance structure.”
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Beacon Equity Research
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