Euro Debt Worries Drag Stocks Lower. Mattress Firm Holding Corp. Helped Push Mattress Companies Higher

Mar 28, 2013, 10:00 ET from

NEW YORK, March 28, 2013 /PRNewswire/ --

Stocks dropped on Wednesday as continued worries over Europe and Cyprus restoring confidence in its banking system lingered. On Tuesday Mattress Firm forecasted solid results for fiscal 2013 and closed in the green up 12.09%. The stock pushed other mattress companies including Select Comfort Corp. and Tempur-Pedic International Inc. higher as well on Wednesday.

Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run.    

Tempur-Pedic International Inc. (NYSE: TPX) - TPX shares closed up 6.96% at $50.07 yesterday. The Company announced on Tuesday it is redeeming more than $500 million in notes held by recently acquired Sealy Inc.

Many mid or large cap stocks once started off as Penny stocks!

Aastrom Biosciences, Inc. (Nasdaq: ASTM) - Shares of ASTM sank on Wednesday to a new 52-week low after ending a drug trial and cutting half its workforce. The stock closed down 38.25% Yesterday.

Cliffs Natural Resources Inc. (NYSE: CLF) - CLF sank to 4 year lows on significantly high volume. In intra-day trading the stock went as low as $17. 95. Morgan Stanley cut the Company to "underweight" from "equal weight,"

Penny stocks can deliver sky-rocketing returns and are a popular choice among many investors in the market because of how much lower they trade than big cap companies.

Comstock Holding Companies, Inc. (Nasdaq: CHCI) - CHCI shares soared to new 52-week high yesterday after forecasting significant increase in revenues for 2013. In intra-day trading shares hit as high as $1.96.

Revolution Lighting Technologies, Inc. (Nasdaq: RVLT) - RVLT hit a new 52-week high of $2.50 after announcing that they have produced a breakthrough product in the tube lighting market. Shares closed up 26.95% on Wednesday.

To find similar research reports that are available for free follow the link below and sign up at    

Disclosure: is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.