Note to Editors: The Following Is an Investment Opinion Being Issued by the EQUITY NEWS CIRCUIT
NEW YORK, NY -- (Marketwire) -- 02/22/13 -- 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.
Gentium S.p.A. (NASDAQ: GENT) shares fell 20.62 percent on over 800,000 shares traded Thursday to close at $9.47 a share. The company announced preliminary feedback from the European Medicines Agency's Committee for Medicinal Products for Human Use signaled that the regulatory panel would not recommend Marketing Authorization for Defibrotide.
Safeway Inc. (NYSE: SWY) shares surged 14.1 percent on over six times the average daily volume Thursday to close at $22.97 a share. The company reported net earnings from continuing operations in the fourth quarter grew 58 percent year-over-year to $1.06 per diluted share.
Tesla Motors Inc. (NASDAQ: TSLA) shares of the electric vehicle manufacturer declined 8.8 percent on over 9 million shares traded Thursday, which was over five times the average daily volume. The company's net loss grew to $89.9 million, or $0.79 a share, in the fourth quarter, compared to a loss of $81.5 million, or $0.78 a share, a year ago.
Walter Energy, Inc. (NYSE: WLT) shares fell 7.25 percent on nearly three times the average daily volume Thursday to close at $34.10 a share. The company reported a net loss of $71 million in the fourth quarter as a 39 percent decline in metallurgical coal prices significantly impacted results.
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