NEW YORK, NY--(Marketwire - Mar 4, 2013) - The Bedford Report has released new equity reports today. As a leading provider of free in depth reports and timely market updates, Bedford is an essential resource for hundreds of thousands of investors across the country.
Clovis Oncology Inc. (NASDAQ: CLVS) shares surged 15.64 percent on volume on nearly six times the average daily volume Friday to close at $21.81 a share. The company ended the year with $144.1 million in cash and cash equivalents. Their cash burn for 2013 is expected to be between $53 and $57 million for 2013.
Find out more about Clovis Oncology including full access to the free equity report at: www.BedfordReport.com/CLVS
GMX Resources Inc. (NYSE: GMXR) shares soared 28.63 percent on volume of nearly 5 million shares traded to close at $3.10 a share. The company recently announced that they have hired Jefferies & Company Inc. as a financial advisor to assist the Board and senior management in its ongoing exploration of a variety of financing alternatives.
Find out more about GMX Resources including full access to the free equity report at: www.BedfordReport.com/GMXR
McDermott International (NYSE: MDR) shares declined 15.88 percent on volume of 18.2 million shares traded Friday to close at $10.70 a share. The company reported a net income of $40.5 million for the fourth quarter. The company's forecast of revenues of $2.6 billion in fiscal 2013 fell short of expectations.
Find out more about McDermott International including full access to the free equity report at: www.BedfordReport.com/MDR
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) shares surged 12.64 percent on over five times the average daily volume Friday to close at $15.86 a share. The company announced it will acquire the broadcast assets of 18 television stations owned by Barrington Broadcasting Group, LLC for $370 million.
Find out more about Sinclair Broadcast Group including full access to the free equity report at: www.BedfordReport.com/SBGI
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A third party, Providence Media Strategies LLC has paid Equity News Circuit five hundred dollars for the publication of this news release. Neither Equity News Circuit, nor the hiring party, has a financial relationship with any company whose stock is mentioned in this release. Neither Equity News Circuit nor the hiring party are a registered investment advisor, and nothing in this report is intended as a solicitation to buy or sell any security.