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(EMAILWIRE.COM, June 04, 2010 ) Windsor, Ontario - FreeHotPennyStocks.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stock picks. For more free alerts sign up at http://www.freehotpennystocks.com
Shares of Exide Technologies (Nasdaq: XIDE) rose as much as 22 percent in pre-market trade Thursday, a day after the provider of stored electrical energy solutions posted a quarterly profit that handily beat beat the consensus view, driven largely by higher sales across its segments. For the fourth-quarter ended March 31, Exide reported net income of $40.4 million, 53 cents a share, compared with a net loss of $64.4 million, or 85 cents a share a year earlier. Separately, the company's Chief Operating Officer, Edward O'Leary submitted his resignation effective June 16, 2010. Shares responded well up over 25 percent on over three times the average trading volume.
SonicWALL Inc (Nasdaq: SNWL) agreed on Wednesday to be bought by an investor group led by private equity firm Thoma Bravo in a deal the IT security company valued at about $717 million.
SonicWALL shareholders will receive $11.50 per share in cash, a 28 percent premium over the Wednesday's close. In early trading the stock traded up to $11.34 within a percent of the per share offering.
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