Black Berry Ltd (NASDAQ:BBRY) could, in the near future, consider about exiting the handset business in case it remains unprofitable. This revelation comes from the CEO of the company John Chen. The Canadian company is considering about expanding its corporate reach with investments, acquisitions and partnerships. BlackBerry Ltd (NASDAQ:BBRY) shares after opening at $8.00 moved to $8.02 on last trade day and at the end of the day closed at $7.67. Company price to sales ratio in past twelve months was calculated as 0.32 and price to cash ratio as 1.47. BlackBerry Ltd (NASDAQ:BBRY) showed a negative weekly performance of -6.69%.
Mann Kind Corporation (NASDAQ:MNKD) shares have been down recently owing to the FDA’s decision to extend the PDUFA date for Afrezza to July 15, 2014. A report from Brinson Patrick on April 8, 2014 by analyst Christopher S James views the recent weakness as a good buying opportunity believing the new drug has “a high level of conviction for approval.” Mann Kind Corporation (NASDAQ:MNKD) shares fell -2.14% in last trading session and ended the day on $6.85. MNKD return on equity ratio is recorded as 153.90% and its return on assets is -78.70%.Mann Kind Corporation (NASDAQ:MNKD) yearly performance is 59.67%.
Zynga Inc (NASDAQ:ZNGA) saw unusually large options trading activity on Thursday. Traders bought 22,058 put options on the stock, Analyst Ratings Network.com reports. This represents an increase of approximately 115% compared to the average daily volume of 10,253 put options. Zynga Inc (NASDAQ:ZNGA) shares moved down-6.86 % in last trading session and was closed at $4.07, while trading in range of $4.05 – 4.40. Zynga Inc (NASDAQ:ZNGA) year to date (YTD) performance is 7.11%.
Rite Aid Corporation (NYSE:RAD) updated its FY15 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.31-0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.36, Analyst Ratings Network reports. The company issued revenue guidance of $26.0-26.5 billion, compared to the consensus revenue estimate of $25.78 billion. Rite Aid Corporation (NYSE:RAD) weekly performance is 6.93%. On last trading day company shares ended up $6.94. Rite Aid Corporation (NYSE:RAD) distance from 50-day simple moving average (SMA50) is 9.93%. Analysts mean target price for the company is $6.62.
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