The Wet Seal, Inc. (Nasdaq:WTSL) has entered into a definitive agreement with a single institutional investor to issue $27 million of convertible notes as well as warrants to purchase Class A common stock in a private placement. The transaction is expected to close on March 26, 2014, subject to customary closing conditions. The company intends to use the proceeds for general corporate purposes. The Wet Seal, Inc.(NASDAQ:WTSL) shares after opening at $1.71 moved to $1.73 on last trade day and at the end of the day closed at $1.55. Company price to sales ratio in past twelve months was calculated as 0.23 and price to cash ratio as 1.97. The Wet Seal, Inc.(NASDAQ:WTSL) showed a positive weekly performance of -13.89%.
Weight Watchers International, Inc. (NYSE:WTW) announced that it has named Michael F. Colosi as its General Counsel and Secretary, effective May 19, 2014. According to the Company, Colosi will report to President and CEO Jim Chambers and will serve as a member of the Weight Watchers Executive Committee. The Company added that Colosi joins Weight Watchers after almost 14 years with Kenneth Cole Productions where he served as Senior Vice President, General Counsel and Secretary. Weight Watchers International, Inc. (NYSE:WTW) shares fell-1.76% in last trading session and ended the day on $20.05. WTW return on equity ratio is recorded as -14.60 % and its return on assets is 17.70%. Weight Watchers International, Inc.(NYSE:WTW) yearly performance is -51.22%.
CTC Media (NASDAQ:CTCM) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Wednesday, Analyst RN reports.CTC Media, Inc.(NASDAQ:CTCM) shares moved down -1.49% in last trading session and was closed at $8.58 while trading in range of $8.47 – 8.89 .CTC Media, Inc.(NASDAQ:CTCM) year to date (YTD) performance is -37.10%.
NewLead Holdings Ltd. (NASDAQ:NEWL) announced that it has executed definitive agreements for the acquisition of two eco-type 31,800 dwt, Handysize bulk carriers built in 2012 for a total acquisition price of $37.0 million, the company said in its press release. NewLead Holdings Ltd (NASDAQ:NEWL) dropped -13.08 percent to $2.26 yesterday on volume of 1.00 million shares. The intra-day range of the stock was $2.22 to $2.68. NewLead Holdings Ltd (NASDAQ:NEWL) has a market capitalization of $1.99 million. NewLead Holdings Ltd (NASDAQ:NEWL) weekly performance is -39.24%. On last trading day company shares ended up $2.09. NewLead Holdings Ltd (NASDAQ:NEWL) distance from 50-day simple moving average (SMA50) is -74.96%. Analysts mean target price for the company is $1.00.