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DAILY Wrap-Up & Commentary on Advancers & Profiled Picks: (NASDAQ: MERU), (NYSE: DZZ)

 

New York, NY -- (ReleaseWire) -- 02/21/2013 -- Meru Networks, Inc. (NASDAQ: MERU) announced that three of its current board members had assumed new leadership positions on the company’s board of directors and its committees. Harold (Harry) Copperman, a member since 2010, has been named Lead Director. Chuck Kissner, a member since 2011, has been named Chairman of the Nominating and Governance Committee and Barry Newman, a member since 2006, has been named Chairman of the Audit Committee.

Meru Networks (MERU) designs, develops, and distributes virtualized wireless LAN solutions that provide enterprises with the performance, reliability, predictability and operational simplicity of a wired network with the advantages of mobility.

Find out more on MERU here:
http://www.wallstreetscoop.net/market-scan/?symbol=MERU

PowerShares DB Gold Double Short ETN (NYSE: DZZ) has a 52 week range of 3.89 - 5.39. DZZ closed in the last trading session at $5.08. DZZ traded on a volume of 1,469,940 versus a 3 month average volume of 442,028.

The investment seeks to replicate, net of expenses, twice the inverse of the daily performance of the Deutsche Bank Liquid Commodity index - Optimum Yield Gold Excess Return. The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.

Find out more on DZZ here:
http://www.wallstreetscoop.net/market-scan/?symbol=DZZ

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