ReleaseWire

Federal National Mortgage Association (OTCQB: FNMA) is trading in the range of $0.55 and $1.47 in its current trading session, creating its new 52 weeks high in the process. The stock recorded the volume of 114.458 million shares so far, in comparison its average daily trading volume of 8.116 million shares. The stock opened at $1.14 and is currently at $0.66, down 38.90 percent from its previous close of $1.08. Federal National Mortgage has its first resistance level at $0.69 while it faces the support at $0.64. If the stock breaches this level, it may go touch $0.60.

Ambac Financial Group Inc. (OTCQB: ABKFQ) shows bearish trend as the stock made a sharp downward movement in its latest trading session. It opened the session at $0.10 and remained in $0.08 and $0.11 price range during the session. The stock is 9.09 percent lower at $0.09. Ambac Financial Group’s first support level is at $0.08.

Windstream Corporation (NASDAQ:WIN) is trading in the range of $8.47 and $8.60 during its latest trading session. The stock recorded the volume of 7.316 million shares, in comparison to its average daily trading volume of 8.285 million shares. Its downward movement shows mildly bearish trend, which is further confirmed by its MACD and EMA charts. The stock opened at $8.56 and is at $8.51, down 0.92 percent from its previous close of $8.59. Windstream Corporation commands the market capitalization of $5.04 billion and its stock trades at beta of 0.79.

United States Natural Gas (NYSE:UNG) traded in the range of $21.33 and $22.06 during its latest trading session. The stock had opened at $21.82 and is currently at $21.68, up 0.23 percent from its previous close of $21.63. United States Natural Gas recorded the volume of 5.984 million shares, in comparison to its average daily trading volume of 6.538 million shares, thus showing mildly bullish trend.

Yahoo! Inc. (NASDAQ: YHOO) opened at $22.43 and oscillated in the range of $22.36 and $22.95 in the latest trading session. It is at $22.82, up 3.29 percent from its previous close of $22.09. Yahoo shows bullish trend and the stock’s first resistance level is at $23.00. Upon breaching this level, the stock may touch $23.15. On the downside, it may slip to $22.65. The stock has traded 12.627 million shares so far in the session, in comparison to its usual trading volume of 19.96 million shares.

Obagi Medical Products, Inc. (NASDAQ:OMPI) announced that it entered into a definitive merger agreement with Valeant Pharmaceuticals International, Inc. (NYSE: VRX) under which Valeant will acquire all of the outstanding common stock of Obagi for $19.75 per share in cash.

Last week Sterne Agee reported that it has initiated coverage of homebuilding company, DR Horton Inc. (NYSE: DHI), Inc. The firm has begun coverage of DHI with a “Buy” rating and $29 price target. This price target suggests a 16% increase from the stock’s current price of $24.24.

Ambac Financial Group, Inc. (OTCQB: ABKFQ) traded at $ 0.0935 in the last session, which is +0.0485 (107.78%). The stock has a Range of 0.05 - 0.12. The stock has a 52 week low and high of 0.01 - 0.12 respectively. The stock has a Market Cap of 28.28M. The stock traded a volume of 38.01M. The stock has a 30 day average volume of 2.95M.

Eastman Kodak Co. (OTCQB: EKDKQ) announced that renowned author, inventor and futurist Ray Kurzweil will keynote its Global Directions 2013 conference—an annual technology and educational event sponsored by the company’s document capture and enterprise software business unit.

AMR Corporation (OTCQB: AAMRQ) stock is at $4.11, up 1.99 percent from its previous close of $4.02. The stock opened the session at $4.10 and touched its highest price point at $4.18. AMR Corporation stock’s lowest price point for the session stood at $4.06.

Eastman Kodak Co. (OTCQB: EKDKQ) traded in the range of $0.29 and $0.47 during its latest trading session. The stock had opened at $0.47 and is currently at $0.36, down 18 percent from its previous close of $0.45. Eastman Kodak recorded the volume of 22.969 million shares, significantly higher than its average daily trading volume of 2.598 million shares, thus showing bearish trend.

Zynga Inc. (NASDAQ: ZNGA) traded in the range of $3.27 and $3.41 during its latest trading session. The stock had opened at $3.37 and is at $3.33, down 4.03 percent from its previous close of $3.47. Zynga recorded the volume of 19.469 million shares. Its average daily trading volume stands at 34.257 million shares. The stock price is trading in line with its short term moving average price of $3.33. While the stock is likely to remain neutral in short term time frame, it may turn bullish in medium time range as shown by its MACD chart.

Apple Inc. (NASDAQ: AAPL) traded in the range of $449.59 and $457.63 during its latest trading session. The stock had opened at $457.50 and is at $451.30, down 0.70 percent from its previous close of $454.49. Apple recorded the volume of 6.749 million shares. Its average daily trading volume stands at 19.054 million shares.

First Niagara Financial Group Inc. (NASDAQ: FNFG) traded in the range of $8.59 and $8.85 during its latest trading session. The stock had opened at $8.66 and is at $8.76, up 3.73 percent from its previous close of $8.44, with 9.323 million shares volume. First Niagara Financial Group has traded 9.323 million shares so far and its MACD chart shows bullish trend. The stock may go as high as $9.05 level in the coming trading sessions.

Oracle Corp. (NASDAQ: ORCL) traded in the range of $35.40 and $36.06 during its latest trading session. The stock opened at $36.00 and is currently at $35.43, down 0.73 percent from its previous close of $35.69. Despite its downward movement, the stock’s MACD chart shows neutral trend and the stock may go up to $35.85 level in the coming session. The stock is also trading below its short term moving average price of $35.57 and long term moving average price of $35.66, which confirms neutral trend.

Facebook Inc. (NASDAQ: FB) is showing neutral trend as it traded in the range of $25.78 and $26.69 during its latest trading session. The stock had opened at $26.68 and is at $26.09, down 1.73 percent from its previous close of $26.55. Facebook recorded the volume of 22.712 million shares, while its average daily trading volume stands at 57.312 million shares. The stock may tumble down to $25.75 level. On the up side, the stock may go as high as $26.35 in the coming trading sessions.

Research in Motion Limited (NASDAQ: BBRY) shows bullish trend as the stock made a sharp movement in its latest trading session. It opened the session at $15.90 and remained in $15.67 and $16.14 price range during the session. The stock is 5.19 percent higher at $15.81. Research in Motion’s first support level is at $15.65. Upon breaching this level, the stock may go as low as $15.40. On the upside, its first resistance level is at $15.97. The stock has traded 33.791 million shares so far.

An investor in shares of Raser Technologies, Inc (RZTIQ.PK) filed a lawsuit in the U.S. District Court for the District of Colorado over alleged violations of Federal Securtiies Laws by Raser Technologies’ auditors Hein & Associates LLP.

A lawsuit was filed by an investor in shares of The Dow Chemical Company (NYSE:DOW) and other current long-term NYSE:DOW stockholders should contact the Shareholders Foundation.

An investigation on behalf of investors in Palomar Medical Technologies Inc (NASDAQ:PMTI) shares was announced concerning whether the offer by Cynosure, Inc to acquire Palomar Medical Technologies for a value of $13.65 per NASDAQ:PMTI share and the takeover process are unfair to investors in Palomar Medical Technologies shares.

An investigation on behalf of investors in shares of Fisher Communications, Inc. (NASDAQ:FSCI) was announced concerning whether certain Fisher Communications officers and directors possibly breached their fiduciary duties.

SK3 Group, Inc. (OTC Pink: SKTO) announced recently that it has appointed licensing expert and former Executive of King World Productions, Kevin Allyn, as Chairman of the Board of Directors.

Goff Corporation (OTCQB: GOFF) through its wholly owned subsidiary Golden Glory Resources S.A., has acquired 100% interest in mineral leases in the Aguadas, Department of Caldas, Colombia area -- a region well known for multiple gold discoveries within the past several years as Colombia has opened its doors to global mining interest.

Sprint Nextel Corp. (NYSE: S) announced the addition of an intrinsically-safe push-to-talk device -- Sonim XP STRIKE IS – to the Sprint® Direct Connect® product portfolio, helping to ensure safe, reliable mobile communications for businesses using electrical equipment in gaseous and potentially explosive atmospheres.

FANNIE MAE PFD S (OTCQB: FNMAS) traded at $3 in the last session, which is +0.22 (7.91%). The stock has a Range of 2.75 - 3.17. The stock has a 52 week low and high of 0.46 - 3.20 respectively. The stock has a Market Cap of 778.40M. The stock traded a volume of 32.23M. The stock has a 30 day average volume of 4.54M.