NEW YORK, NY, United States, via ETELIGIS INC., 10/22/2012 - - Zion Oil & Gas Inc (NASDAQ:ZN) declined 13.90% to $1.92on a traded volume of 317k shares.The Company has reduced the exercise price to $1.75 of both series of its outstanding publicly traded warrants. Any and all warrants properly exercised in accordance with their respective terms prior to the Expiration Time will be accepted by Zion at the reduced exercise price and one share of registered common stock per warrant will be issued to the exercising warrant holder.
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Cirrus Logic Inc (NASDAQ:CRUS) increased 4.20% to $39.79 on a traded volume of 1.06 million shares.The Company will release its second quarter fiscal year 2013 financial results and business outlook on the investor relations area on October 29, 2012.
Feltl& Co increased the rating on the stock from a buy to a strong buy.
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Netflix Inc (NASDAQ:NFLX) augmented 6.51% to $69.30 on a traded volume of 2.72 million shares.The Company launched in Finland culminating a week of events that also introduced Netflix to Sweden, Denmark and Norway.The Company is the world's largest Internet subscription service for movies and TV shows.
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SUPERVALU INC (NYSE:SVU) jumped up 28.31% to $2.81 on a thickly traded volume of 31.60 million shares. The Company has received a number of indications of interest as it conducts a review of strategic options. The Company is in “active dialogue” with several parties.
Recently, the Company reported second quarter sales dipped of $8.0 billion, decline by 4.6% in the second quarter of fiscal 2013. The reported revenue was in line with the Zacks Consensus Estimate of $8.0 billion. Sales were negatively impacted by lower customer spending due to the ongoing economic challenges aggressive pricing by its competitors and weak identical stores sales.
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Avid Technology Inc (NASDAQ:AVID) plunged 13.71% to $7.05 on a traded volume of 214k shares.The Company expects third quarter adjusted loss to be in the range$3 million to $5 million. However, analysts were expecting a profit of $5.74 million on revenue of $145 million. The revenue from its on-going business was roughly $121 million to $123 million. The Company said that the decline to its sales execution in the Americas region.
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