Penny stocks to watch: AZSEY and IMGN
Allianz SE (ADR) (PINK: AZSEY) is up 5.55% to $9.4315. AZSEY is a financial services company?that?provides?insurance asset management services across the world. Allianz shares are up more than 20% in the last three trading sessions. The stock is gaining momentum following a rebound in global equity markets amid hopes of a resolution to the sovereign debt crisis in the euro zone. Allianz, which is based in Germany, reported its most recent quarterly results (Q2) back in August. The company reported total revenue of 24.6 billion euros for the second quarter of 2011, down 3.2% over the same period in the previous year. The company��s operating profit for the second quarter of 2011 was 2.3 billion euros, compared with 2.302 billion euros reported for the same period in the previous year. Allianz reported second-quarter net income of 1.071 billion euros, compared with 1.157 billion euros reported for the same period in the previous year. The decline was mainly due to a net burden of 326 million euros related to impairments for Greek sovereign bonds and adverse currency movements. (PINK: AZSEY), (AZSEY)
ImmunoGen Inc. (NASDAQ: IMGN) is up 6.21% to $11.63. IMGN is a biotechnology company focused on the development of antibody-based anticancer therapeutics, are continuing to rise today. In the last three trading sessions, the stock gained 17.52%. (NASDAQ: IMGN), (IMGN)
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