Groupon Inc (NASDAQ:GRPN) is a company that can use all the help it can get. Shares were hammered on Tuesday after the departure of a key officer of the company. On Monday evening came an SEC Filing in which Groupon simply said, “Jeffrey Holden, Senior Vice President-Product Management of Groupon, Inc., will be leaving the company effective March 18, 2014.” Groupon Inc (NASDAQ:GRPN) stock opened at $10.54 in last trading session, and closed at $10.40, trading in the range of $10.05 – $10.56. The stock showed a negative weekly performance of -1.05%.
Analysts at Credit Suisse started coverage on shares of Rackspace Hosting, Inc. (NYSE:RAX) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $49.00 price target on the stock. Credit Suisse’s price objective indicates a potential upside of 21.41% from the company’s current price. Rackspace Hosting, Inc. (NYSE:RAX) shares closed at $32.65 on last trade day, by losing -19.10%. Stock 52 week range is $32.62 – $75.37. Company’s market capitalization is $4.56 billion.
GT Advanced Technologies (NASDAQ:GTAT) was the recipient of unusually large options trading on Monday. Traders purchased 16,436 call options on the stock, ARN reports. This is an increase of approximately 353% compared to the typical daily volume of 3,630 call options. GT Advanced Technologies Inc (NASDAQ:GTAT) stock decreased -7.33% and finished the last session at $10.88. The EPS of the stock remained -1.71. Company’s market capitalization is $1.45 billion.
Canadian Solar Inc. (NASDAQ:CSIQ), announced the commencement of the offering of 2,600,000 common shares of the Company, with no par value (the “Common Shares”) (plus up to additional 390,000 Common Shares pursuant to an over-allotment option) (the “Common Shares Offering”), and a concurrent offering of up to US$100 million in aggregate principal amount of convertible senior notes due 2019 (the “Notes”) (plus up to an additional US$15 million aggregate principal amount of notes pursuant to an option) (the “Notes Offering”). The offerings are subject to market conditions and other factors. Canadian Solar Inc. (NASDAQ:CSIQ) stock opened at $36.50 in last trading session and closed at $36.17. The 52 week range of the stock is $3.12 – $43.60 and the day range was $36.07 – $38.65.
Leave a Reply