Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of InterCloud Systems Inc (NASDAQ:ICLD). The investigation relates to allegations that InterCloud may have paid outsiders to increase its stock price by publishing false and misleading articles. InterCloud Systems Inc (NASDAQ:ICLD) shares after opening at $8.00 on last trade day and at the end of the day closed at $8.25. Company price to sales ratio in past twelve months was calculated as 0.75 and price to cash ratio as 12.01. InterCloud Systems Inc (NASDAQ:ICLD) showed a negative weekly performance of -30.50%.
The Bon-Ton Stores, Inc. (NASDAQ:BONT) finished up 8.2% to $11.79 on Monday. The retailer benefited from an upgrade by Zacks Equity that moved the stock to a “strong buy” rating from a “hold”. The Bon-Ton Stores, Inc. (NASDAQ:BONT) shares advanced 8.17% in last trading session and ended the day on $11.79. BONT return on equity ratio is recorded as -4.50% and its return on assets is -0.20%. The Bon-Ton Stores, Inc. (NASDAQ:BONT) yearly performance is -9.31%.
Fried, Frank, Harris, Shriver & Jacobson LLP represented Media General, Inc. (NYSE:MEG) in its $1.6 billion acquisition of LIN Media LLC. Weil, Gotshal & Manges LLP represented LIN in the deal. Fried Frank’s team is led by corporate partners Abigail Bomba and Philip Richter and includes partners Barry Nigro, antitrust and competition; Donald Carleen, executive compensation and benefits; and Michael Alter, tax. Fried Frank also represented Media General in last year’s merger with New Young Broadcasting Holding Co. Media General, Inc. (NYSE:MEG) shares moved up 6.94% in last trading session and was closed at $18.65, while trading in range of $17.47 – $18.73. Media General, Inc. (NYSE:MEG) year to date (YTD) performance is -17.48%.
Christopher & Banks Corporation (NYSE:CBK) is a retailer of women’s apparel, which operates retail stores through its wholly owned subsidiaries. As of April 22, 2011, the Company operated 770 stores in 46 states, including 509 Christopher & Banks stores, 245 C.J. Banks stores, nine dual-concept stores and seven outlet stores. Christopher & Banks Corporation (NYSE:CBK) weekly performance is 6.53%. On last trading day company shares ended up $6.69. Christopher & Banks Corporation (NYSE:CBK) distance from 50-day simple moving average (SMA50) is-1.17%. Analysts mean target price for the company is $9.00.