Twitter Inc. (NYSE:TWTR) proved that the cautious bears were way wrong right after the initial public offering. The microblogging giant sold shares at $26 in the IPO in late 2013, but the lowest this stock’s price has been was $38.80. Then shares rallied all the way up to above $74. Now shares have continued their decent, and the stock just hit a 2014 low. Twitter Inc (NYSE:TWTR) stock opened today at $45.09 and is currently trading at $44.70. The stock showed a negative weekly performance of -13.29%.
Glu Mobile (NASDAQ:GLUU) has received an average rating of “Buy” from the thirteen ratings firms that are presently covering the company,AnalystRatings.NET reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.82. Glu Mobile Inc. (NASDAQ:GLUU) stock opened at $4.70, in current trading session and currently is at $4.60, by loosing -1.50%.The 52 week range of $2.10-$5.65. Company’s market capitalization is $368.85 million.
Alibaba Group Holding Ltd, China-based e-commerce, is preparing for its IPO. London-based IG group estimates that Alibaba’s market value will be ~$250 billion. However, Reuters estimates $141 billion based on average call considering total market worth and believes that Yahoo! Inc. (NASDAQ:YHOO) is overvalued. Though Alibaba has solid performance with positive earnings, however, it is too early to say that Alibaba will have higher value. Yahoo! Inc. (NASDAQ:YHOO) stock is currently trading at $35.35 .The EPS of the stock is 1.26. Company’s market capitalization is $35.68 billion.
Bank of America Merrill Lynch downgraded Taiwan-based LCD driver IC vendor Himax Technologies, Inc. (ADR)(NASDAQ:HIMX) from Buy to Underperform, with a new price target of $12.5. Shares of Himax closed at $13.38 yesterday and opened 7% lower this morning.The bank is concerned that Himax is not progressing fast enough in their LCoS (Liquid crystal on silicon) business. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) stock opened the session at $11.80, and now is at $11.65. The 52 week range of the HIMX stock remained $4.51-$16.15 and the day range was $11.22-$11.85.
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