Tesla Motors Inc. (NASDAQ:TSLA) said that the move to open up its patent portfolio was designed to help promote new innovations in the electric car industry. Tesla chief executive Elon Musk said that he did not believe the move would weaken Tesla’s position as a technology leader but instead strengthen it. Tesla Motors Inc. (NASDAQ:TSLA) stock opened today at $206.76 and is currently trading at $215.08. The stock showed a negative weekly performance of -0.84%.
Fusion-io Inc. (NYSE:FIO) shares surged 23% after SanDisk Corp. on Monday agreed to buy Fusion-io in an all-cash transaction worth about $1.1 billion, or $11.25 a share. Fusion-IO, Inc. (NYSE:FIO) stock opened at $11.44, in current trading session and currently is at $11.40, by gaining 22.84%. The 52 week range of $7.77 – $15.59. Company’s market capitalization is 1.23 billion.
Sunedison Inc. (NYSE:SUNE) stock is gaining after receiving an upgrade to “buy” from “hold” from Deutsche Bank Monday. Analysts upped the price target to $35 from $13, arguing the company’s YieldCo plans have yet to be priced in. Sunedison Inc. (NYSE:SUNE) stock is currently trading at $20.92. The EPS of the stock is -4.30. Company’s market capitalization is 5.60 billion.
Top executives at medical device maker Medtronic Inc. (NYSE:MDT) said Monday that they have identified about $850 million in potential cost savings “achievable” over the next two to three years from the company’s agreement disclosed Sunday night to buy Mansfield-based Covidien PLC for $42.9 billion. Medtronic, Inc. (NYSE:MDT) stock opened the session at $63.46, and now is at $59.76. The 52 week range of the Medtronic, Inc. (NYSE:MDT) stock remained $51.06 – $64.33 and the day range was $58.34 – $63.90.
Level 3 of Broomfield and TW Telecom Inc. (NASDAQ:TWTC), based in the Lone Tree area, announced the deal Monday morning. Level 3 will buy TW Telecom in a stock-and-cash deal valued at $40.86 a share. TW Telecom Inc. (NASDAQ:TWTC) stock opened today at $40.50 and is currently trading at $38.85. The stock showed a positive weekly performance of 11.68%.
Leave a Reply