Microsoft Corporation (NASDAQ:MSFT)’s new CEO owns a lot less stock in the company than his predecessor. Satya Nadella, appointed this week as chief executive, holds equity in the company valued at nearly $40 million, according to a securities filing Friday. That compares to former CEO Steve Ballmer’s stake of roughly $12.2 billion; Ballmer was one of Microsoft’s earliest employees. Microsoft Corporation (NASDAQ:MSFT) stock opened at $36.32 in last trading session, and closed at $36.56, trading in the range of $36.01 – $36.59. The stock showed a negative weekly performance of -3.38%.
Stock analysts at Sterne Agee started coverage on shares of Oracle Corporation (NYSE:ORCL) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $40.00 price target on the stock. Sterne Agee’s price target would indicate a potential upside of 11.27% from the company’s current price. Oracle Corporation (NYSE:ORCL) shares closed at $37.19 on last trade day, by gaining 1.28%. Stock 52 week range is $29.86 – $38.77. Company’s market capitalization is $167.26 billion.
Mphasis, a Bangalore-based IT outsourcing services provider, unveiled a new corporate identity for itself, with a new logo and tagline, as it seeks to boost business other than from parent Hewlett-Packard Company (NYSE:HPQ), currently its largest client. Hewlett-Packard Company (NYSE:HPQ) stock advanced 2.04% and finished the last session at $29.07. The EPS of the stock remained 2.63. Company’s market capitalization is $55.49 billion.
International Business Machines Corp. (NYSE:IBM) said it is considering a sale of its semiconductor business. Such a deal is reckoned by analysts as the most important strategic move of the company since the financial crisis it dealt with in the early 1990s. International Business Machines Corp. (NYSE:IBM) stock opened at $175.64 in last trading session and closed at $177.25. The 52 week range of the stock is $172.19 – $215.90 and the day range was $175.07 – $177.56.
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