CORAL SPRINGS, Florida, September 26, 2016 /PRNewswire/ --
Plenty of stocks rose last week as it appears investors felt somewhat bullish as a result of the Federal Reserve's decision to hold off on raising interest rates as well as buyout/acquisition rumors surfacing late in the week. Small Cap to Large Cap companies releasing new developments as well as increased acquisition news in the markets to keep close tabs on include: MagneGas Corporation (NASDAQ: MNGA), Praxair, Inc. (NYSE: PX), Imperva Inc. (NYSE: IMPV), Twitter Inc. (NYSE: TWTR) and Endo International (NASDAQ: ENDP)
MagneGas Corporation (NASDAQ: MNGA) News: MagneGas Completes Purchase of 2,000 Additional Fuel Cylinders to Accommodate Accelerating Demand for MagneGas2®. The Company announced today that it has taken receipt of the final shipment of the previously announced purchase order for 2,000 fuel cylinders. This purchase was the result of a growing demand for MagneGas2® which has created a customer backlog. The Company believes the additional demand is a direct result of its sales penetration into key vertical market segments including utilities, demolition companies, first responder markets and major manufacturing companies. Several existing customers have expanded their use of MagneGas2® into additional facilities. Other large potential customers are currently testing MagneGas2®.
Read the full MagneGas (MNGA) Press Release athttp://financialnewsmedia.com/profiles/mnga.html
"We have begun to see the end result of our strategy which is to grow our gas distribution business through the use of MagneGas2® as a door opener. We estimate that the industrial gas business grows at approximately a 2% rate. However, our industrial gas segment, which not only includes MagneGas2® but welding supplies and other gases, has increased at an almost 20% rate. We believe this is a direct result of customers' use of MagneGas2® which we believe is a superior product that leads to further sales of the Company's products. We look forward to seeing the impact of these new cylinders on revenue in the coming months as we continue to expand nationwide," commented Ermanno Santilli, CEO of MagneGas Corporation.
For a complete insight into MGNA operations go to this free, independent report: http://investmentresearchreport.com/mnga-report/?=fn Source: ALG Financial
In other small cap to larger cap market performers of note:
Praxair, Inc. (NYSE: PX) announced last week that it has acquired and will operate a 300-ton-per-day carbon dioxide (CO2) purification and liquefaction plant from PureCO2, LP. Owned by Ferus, LP, PureCO2 is a producer and distributor of liquefied food- and beverage-quality CO2, located in Price, Utah. Financial terms of the transaction were not disclosed. The acquired plant will serve customers throughout the region in a variety of end-markets, including food and beverage, metal fabrication and water treatment.
Shares of the security-software company Imperva Inc. (NYSE: IMPV) gained 21 percent on Friday (9/23/2016) after a report said it has drawn acquisition interest from several companies. The California-based company has interest from Cisco Systems (CSCO) and International Business Machines (IBM), according to a Bloomberg report, which cited people with knowledge of the matter. Read the full article Sourced from CNBC at http://finance.yahoo.com/news/report-buyout-talk-cisco-ibm-124238883.html
Shares of Twitter Inc. (NYSE: TWTR) rocketed Friday to the best one-day advance in their history, after CNBC also reported that the social-media company was closing in on a sale. The rally reversed sharp losses seen ahead of the open, in the wake of an analyst downgrade to a rare bearish stance. The stock TWTR, +21.42% shot up $3.99, or 21.4%, to its highest closing price of the year. That was the biggest percentage gain since Twitter went public on Nov. 7, 2013. The second-biggest gain, of 20%, came on July 30, 2014.
Shares of Endo International (NASDAQ: ENDP) surged as much as 18 percent on Friday as well after the company named a new CEO and projected upbeat full-year earnings. The special pharmaceutical company said Paul Campanelli, president of Par Pharmaceutical, Endo's generic and over-the-counter drugs business, will serve as CEO effective immediately. Endo said that Par "significantly increased total revenue, acquired JHP Pharmaceuticals and established a presence in the European generics market," during Campanelli's tenure.
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