Notable Gainers: LEAP, FREE, NTE, IQNT, YELP
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Leap Wireless International, Inc. (NASDAQ:LEAP) shares gained 9.55% to $6.88 after an analyst said there’s a 70 percent change MetroPCS Communications Inc. (PCS) and T-Mobile USA will bid for it after completing their merger. T-Mobile and MetroPCS could pay as much as $9 to $10 a share after they complete their deal, which is expected to close some time in the first quarter.
How Should Investors Trade LEAP After The Recent Volatile Moves? Find Out Here
FreeSeas Inc. (NASDAQ:FREE) shares increased 8.97% and closed at $0.360 in the last trading session. The company, on Dec. 20, announced that, at the annual meeting of the Company, the Company’s shareholders elected Xenophon Galinas to the Board of Directors for three years, approved a reverse split of the Company’s issued and outstanding common stock at a ratio of up to one (1) for every twelve (12) shares outstanding and ratified the appointment of Sherb & Co., LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2012.
Is FREE Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Nam Tai Electronics, Inc. (NYSE:NTE) shares jumped 8.39% and closed at $14.99. The company, on Dec. 10, has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $0.15 per share scheduled for January 31, 2013. Shareholders who purchased NTE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 114.29% increase over the prior quarter.
Can NTE Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Inteliquent (NASDAQ:IQNT) shares increased 7.64% and closed at $2.96. The company, on Dec. 11, announced that it has definitively settled a previously disclosed dispute with one of its largest customers relating to the termination of certain long distance traffic. As part of the settlement, Inteliquent will make a one-time payment of $9 million in December to this customer. The settlement agreement contained a full and mutual release related to this dispute.
Is IQNT Ready To Move Back To New Highs This Year? Find Out Here
Yelp Inc (NYSE:YELP) stock jumped 6.89% to $22.19. The management of YELP was supposed to present at the Citi Global Internet, Media & Telecommunications Conference in Las Vegas, NV on Tuesday, January 8, 2013 at 10:30 a.m. PT. A webcast of the presentation will be available on the company’s investor relations website.
Is YELP Ready To Move Back To New Highs This Year? Find Out Here
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