In our active watch list of the day, read up-to-date news and analysis on Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), salesforce.com (NYSE:CRM), MHR, NVIDIA Corporation (NASDAQ:NVDA).
The would-be plaintiff in STC.UNM v. Intel Corp. (NASDAQ:INTC), a wholly owned licensing arm of the University of New Mexico, accused Intel Corp (NASDAQ:INTC) of infringing a patent that arose from collaborative research between university personnel and an employee of Sandia Corporation, a private entity. As a result of assignments from their respective employees, STC and Sandia became co-owners of the asserted patent. Sandia refused, however, to join as a party to the lawsuit, preferring “a neutral position,” and Intel argued that STC therefore lacked standing to sue for failing to join all co-owners of the asserted patent. Intel Corporation (NASDAQ:INTC) stock performance was 1.18% in last session and finished the day at $28.24. Traded volume was 34.26million shares in the last session and the average volume of the stock remained 29.26million shares. The beta of the stock remained 1.00. Intel Corporation (NASDAQ:INTC) insider ownership is 0.07%.
Broadcom Corporation (NASDAQ:BRCM) had recently quit from its baseband market thus saving $700 million in a year to focus on its failing stock market. The global semiconductor giant has now acquired Ittiam Systems’ business unit that is based in Bangalore, India. This deal owes its conception to the failing Wi-Fi speeds that has let the company as a whole, down. Broadcom Corporation (NASDAQ:BRCM) rose -0.45 percent to $37.94 Tuesday on volume of 7.75million shares. The intra-day range of the stock was $37.76 to $38.24. Broadcom Corporation (NASDAQ:BRCM) has a market capitalization of $22.19billion.
Enterprise tech juggernaut Salesforce.com inc. (NYSE:CRM) is suiting up to turn the wearable tech game business casual. The San Francisco-based company has launched its Salesforce Wear Developer Pack, a collection of apps that will allow software developers to build wearable apps that work with Salesforce’s systems, according to the company’s website. salesforce.com, inc. (NYSE:CRM)’s stock on June 10, 2014 reported a increase of 2.61% to the closing price of $53.06. Its fifty two weeks range is $36.09 -$67.00. The total market capitalization recorded $32.58billion. The overall volume in the last trading session was 6.59million shares. In its share capital, CRM has 614.00million outstanding shares.
Magnum Hunter Resources Corp (NYSE:MHR) SVP Donald L. Kirkendall sold 100,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $8.34, for a total transaction of $834,000.00. Following the transaction, the senior vice president now directly owns 100,000 shares in the company, valued at approximately $834,000. On Tuesday, shares of Magnum Hunter Resources Corp (NYSE:MHR) dropped -5.54% to close the day at $8.35. Company return on investment (ROI) is -11.40% and its monthly performance is recorded as 12.99%. Magnum Hunter Resources Corp (NYSE:MHR) quarterly revenue growth is 9.15%.
Shares of NVIDIA Corporation (NASDAQ:NVDA) were the recipient of some unusual options trading on Tuesday. Stock traders purchased 4,381 put options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 289% compared to the typical daily volume of 1,127 put options. NVIDIA Corporation (NASDAQ:NVDA) stock performance was 0.52% in last session and finished the day at $19.15. Traded volume was 5.44million shares in the last session and the average volume of the stock remained 7.62million shares. The beta of the stock remained 1.74. NVIDIA Corporation (NASDAQ:NVDA) insider ownership is 0.50%.