Las Vegas, NV – Sep 12 2013 — (TechSonian) – Value Penny Stocks issues a special report on MeetMe Inc (NYSEMKT:MEET), Neonode, Inc (NASDAQ:NEON), Genco Shipping & Trading Limited(NYSE:GNK), Geron Corporation (NASDAQ:GERN).
MeetMe Inc (NYSEMKT:MEET) shares jumped 8.11% to $2.00. MeetMe, Inc., a social media technology company, owns and operates social discovery networking platforms in the United States. The company makes meeting new people through social games and applications, monetized through advertising and virtual currency. It operates MeetMe.com, which provides users with access to an expansive, multilingual menu of resources that promote social interaction, information sharing, and other topics of interest to users.
Neonode, Inc (NASDAQ:NEON) shares gained 1.86% to $7.12. The company on Sept. 11 announced the pricing of an underwritten public offering of 2,490,612 shares of Neonode common stock, of which 1,168,939 shares are being offered by Neonode and an aggregate of 1,321,673 shares are being offered by selling stockholders affiliated with Neonode, at a price to the public of $6.60 per share. The selling stockholders are Neonode’s executive chairman Per Bystedt, chief executive officer and director Thomas Eriksson, director Mats Dahlin, director John Reardon, and chief financial officer David Brunton. The selling stockholders have granted the underwriter a 30-day option to purchase up to an aggregate of 373,592 additional shares of common stock to cover overallotments, if any. The offering is expected to close on or about September 16, 2013, subject to the satisfaction of customary closing conditions.
Should Investors Rush To Buy NEON After The Solid Rally? Get Special Report Here
Genco Shipping & Trading Limited(NYSE:GNK) shares increased 2.43% to $4.64. Research analysts at Credit Suisse lowered their target price on shares of Genco Shipping & Trading (NYSE:GNK) from $7.00 to $2.00 in a report released on August 23. Credit Suisse’s price target suggests a potential downside of 13.04% from the company’s current price.
How Should Investors Trade GNK After The Recent Volatility? Get Free Report Here
Geron Corporation (NASDAQ:GERN) shares gained 9.70% to $1.81. GERN‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Sept. 10. They currently have a $1.75 target price on the stock.
How Should Investors Trade GERN After The Recent Volatility? Get Free Report Here
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