Category: Stock Movers

BioTech, Stock Movers

AstraZeneca plc (ADR)(NYSE:AZN) Shares Soar Pre-Market

Shares of AstraZeneca plc (ADR)(NYSE:AZN) reached a new high in pre-market trading as Pfizer Inc.(NYSE:PFE) confirmed it has attempted to renew negotiations on a possible merger. Pfizer submitted a preliminary indication of interest to the board of directors of AstraZeneca in January 2014 regarding the possible merger. AstraZeneca declined to pursue negotiations at that time, but Pfizer contacted AstraZeneca on April 26, 2014, seeking to renew … Continue reading AstraZeneca plc (ADR)(NYSE:AZN) Shares Soar Pre-Market

Chris Lewis
Stock Movers

Notable Analyst Actions: QUALCOMM (NASDAQ:QCOM), Jabil Circuit, Inc.(NYSE:JBL), Micron Technology, Inc.(NASDAQ:MU)

CLSA expects QUALCOMM (NASDAQ:QCOM)’s Q1 and Q2 to be inline but longer-term, sees meaningful margin upside in QCT from likely consolidation in the baseband industry. The firm views valuation as attractive and reiterates its Outperform rating and raises its price target to $90 from $82. Analysts have a consensus price target of $78.92 on QUALCOMM (NASDAQ:QCOM) which indicates a .50% upside. The consensus rating of … Continue reading Notable Analyst Actions: QUALCOMM (NASDAQ:QCOM), Jabil Circuit, Inc.(NYSE:JBL), Micron Technology, Inc.(NASDAQ:MU)

Kevin Long
WB Nasdaq WB Weibo Corp
Internet, Stock Movers

SINA’s Weibo to IPO Between $17-$19 a Share

Whispers on the Street put microblogging site Weibo’s IPO price at $17-$19 a share. Known as the Chinese version of Twitter, China-based Weibo is a subsidiary of SINA Corp. (SINA). Weibo has approximately 129 million monthly active users (MAUs), an overwhelming majority of them on mobile MAUs. The company’s revenues increased significantly from $65.9 million in 2012 to $188.3 million in 2013, according to Zacks. … Continue reading SINA’s Weibo to IPO Between $17-$19 a Share

Adam Keintzel