July 02, 2013 at 11:30 AM EDT
Five Star Equities Issues New Research Reports on FLS, ONXX, SINO and TLAB
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Flowserve Corporation (NYSE: FLS) shares gained 1.09 percent to close at $54.60 a share Monday. The stock traded between $54.15 and $55.12 on volume of 671,793 shares traded. Fitch Ratings has recently upgraded its rating on the company one notch to “BBB” from “BBB-“. Shares of Flowserve have gained approximately 11.5 percent year-to-date.
Get more information on Flowserve and free access to the in-depth equity report at: www.FiveStarEquities.com/FLS
Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) shares soared 51.27 percent to close at $131.33 a share Monday. The stock traded between $129.44 and $132.98 on volume of 18.60 million shares traded. The company announced it has rejected an unsolicited offer from Amgen Inc. or approximately $8.7 billion and has “authorized its financial advisor to contact potential acquirers who may have an interest in the Company”. Shares of Onyx Pharmaceuticals are up approximately 74.0 percent year-to-date.
Get more information on Onyx Pharmaceuticals and free access to the in-depth equity report at: www.FiveStarEquities.com/ONXX
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) shares soared 36.07 percent to close at $1.92 a share Monday. The stock traded between $1.49 and $2.50 on volume of 905,863 shares traded. The company announced that it has signed a 5-year global logistic service agreement with TEWOO Chemical & Light Industry Zhiyuan Trade and TianJin Zhi Yuan Investment Group. Shares of Sino-Global Shipping have gained approximately 7.3 percent year-to-date.
Get more information on Sino-Global Shipping and free access to the in-depth equity report at: www.FiveStarEquities.com/SINO
Tellabs, Inc. (NASDAQ: TLAB) shares increased 1.77 percent to close at $2.01 a share Monday. The stock traded between $1.98 and $2.03 on volume of 5.61 million shares traded. The company announced that Tom Minichiello, acting chief financial officer, has resigned from the company to become chief financial officer at Westell. Shares of Tellabs are down approximately 11.8 percent year-to-date.
Get more information on Tellabs and free access to the in-depth equity report at: www.FiveStarEquities.com/TLAB
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Five Star Equities has no financial relationship with any company whose stock is mentioned in this release.
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