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4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Company    GM

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General Motors Company : Notable Mid-day News: General Motors Company, Seagate Technology, Amarin Corporation plc

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03/26/2013 | 07:25pm CET

NEW YORK, March 26, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on General Motors Company, Seagate Technology, Amarin Corporation plc.

General Motors Company(NYSE:GM) is once again going to try get Buick appeal to younger buyers with new versions of the Regal midsize sports sedan and the LaCrosse large luxury car. The cars are to be launched today ahead of the New York auto show.

Buick used to be a dominant brand many years ago. In 1984, GM had sold 942,000 Buicks in the U.S., but younger people started opting for SUVs and cooler European cars. Sales plummeted and in 2009 it managed to sell just over 102,000 cars. However, GM retained the brand due to its popularity in China.

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Now, GM is planning to still make a lot of money by selling the high-priced luxury Buicks in smaller numbers. GM is giving the LaCrosse a more modern look with LED daytime running lamps, tail lights and a larger front grille. It also has more supportive seats and the interior will have a luxury feeling.

Details of the new version of the Regal are not yet available. The LaCrosse goes on sale late this summer and starts at $31,660. The Regal will be available in the fall and starts at $29,015.

Seagate Technology PLC (NASDAQ:STX) shares jumped 2.94% to $35.74. The company, on Mar. 12, announced it is the first hard disk drive manufacturer to ship two billion hard disk drives (HDD)--a staggering number fueled by the explosive demand for storage from mobile applications, cloud infrastructures, social media, business applications and a wide variety of consumer markets.

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Additionally, EVault, Inc., a Seagate Company on Mar. 13 announced the new EVault 7 backup appliances, redesigned to more efficiently scale, protect, and recover customers' ever-growing data stores. EVault 7 Appliances are the only mid-market solution offering quick and easy recovery should there be a failure, with all appliances boasting connectivity to the EVault Cloud.

Amarin Corporation plc (ADR) (NASDAQ:AMRN) stock dropped 5.84% to $6.91. The company, on Mar. 7, announced that the United States Patent and Trademark Office (USPTO) has published notification of a Notice of Allowance for Amarin's U.S. Patent Application Serial Number 13/614,111titled "Stable Pharmaceutical Compositions and Methods of Using the Same."

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This application includes claims intended to protect the proposed Vascepa® (icosapent ethyl) indication based on Amarin's Phase 3 ANCHOR clinical trial results. In late February, Amarin filed a Supplemental New Drug Application for the Vascepa ANCHOR indication with the U.S. Food and Drug Administration (FDA), and expects an FDA action date on the application before the end of 2013.

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© Accesswire 2013
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Financials ($)
Sales 2016 163 090 M
EBIT 2016 11 553 M
Net income 2016 9 463 M
Finance 2016 8 048 M
Yield 2016 4,22%
P/E ratio 2016 6,02
P/E ratio 2017 6,37
EV / Sales 2016 0,28x
EV / Sales 2017 0,29x
Capitalization 53 977 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 36,0 $
Spread / Average Target 1,7%
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NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Kathryn V. Marinello Independent Director
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