Gilead Sciences GILD NASDAQ:GILD
Finance

Active Movers: Facebook Inc (NASDAQ:FB), Corning Incorporated (NYSE:GLW), Vale (NYSE:VALE), EMC Corporation (NYSE:EMC)

Facebook Inc (NASDAQ:FB) is in talks to buy drone maker Titan Aerospace for $60 million, according to media reports. The high-flying drones would give Facebook, the world’s No.1 Internet social network, the ability to beam wireless Internet access to consumers in undeveloped parts of the world, according to the technology blog TechCrunch. Yesterday share price of the company was traded in the range of $67.62 – $68.90. Facebook Inc (NASDAQ:FB) price to sales ratio in past twelve months was calculated as 21.48 and price to cash ratio as 14.77. Company now has a market value of $175.23 billion.

Corning Incorporated (NYSE:GLW) announced that it has entered into an accelerated share repurchase agreement (ASR) with Citibank, N.A. to repurchase $1.25 billion of the company’s common stock. The ASR is part of Corning’s $2 billion share repurchase program made effective concurrent with the closing of Corning’s full acquisition of Samsung Corning Precision Materials Co., Ltd. (now Corning Precision Materials) on Jan. 15, 2014. Yesterday, the average trading volume of the company is $20.54M. Corning Incorporated (NYSE:GLW) return on equity ratio is recorded as 9.20% and its return on assets is 6.90%. Corning Incorporated (NYSE:GLW) stock traded in the range of $19.19 – $19.50 and at the end of the day, it closed at $19.50.

Investment analysts at Canaccord Genuity reduced their price target on shares of Vale SA (NYSE:VALE) from $20.00 to $19.00 in a note issued to investors on Thursday, AnalystRatings.Net reports. Canaccord Genuity’s price objective points to a potential upside of 34.09% from the company’s current price. Vale SA (ADR) (NYSE:VALE) after opening at $14.06, moved up 0.72% to $14.02 on last trading day. Company’s 52 week range is $12.39 – $19.41.

EMC Corp. (NYSE:EMC)‘s stock had its “positive” rating reiterated by equities researchers at TheStreet in a research report issued on Monday, Analyst Ratings Network.com reports. EMC Corporation (NYSE:EMC) stock hit highest price at $26.95, beginning with a price of $26.44 and increased 2.71% to the close at $26.87 with day range of $26.44 – $26.95. Company has a market capitalization of EMC is $54.43 billion.