Hewlett-Packard Company (NYSE:HPQ) Led Tech Sector Gains: MeetMe Inc (NASDAQ:MEET), Renren Inc (NYSE:RENN), International Business Machines (NYSE:IBM)

Hewlett-Packard Company (NYSE:HPQ): Technology stocks were mostly higher early Tuesday aided by gains in shares of Hewlett-Packard. H-P rallied more than 2% to $32.96 after Pacific Crest raised its rating on the stock to outperform from sector perform. Hewlett-Packard Company (NYSE:HPQ) shares after opening at $32.72 moved to $33.09 on last trade day and at the end of the day closed at $32.96 . Company price to sales ratio in past twelve months was calculated as 0.56 and price to cash ratio as 3.86. Hewlett-Packard Company (NYSE:HPQ) showed a positive weekly performance of 3.75%.

MeetMe, Inc. (NASDAQ:MEET) the public market leader for social discovery, announced the completion of its rollout of real-time chat on Android. The company has experienced gains in certain engagement data following the recent launch. MeetMe Inc (NASDAQ:MEET) shares advanced 4.15% in last trading session and ended the day on $2.76. MEET return on equity ratio is recorded as -13.40% and its return on assets is -11.40%. MeetMe Inc (NASDAQ:MEET) yearly performance is 40.10%.

Renren Inc. (NYSE:RENN) a leading real-name social networking Internet platform in China, announced the filing of its annual report on Form 20-F for the year ended December 31, 2013 with the Securities and Exchange Commission (the “SEC”). The annual report on Form 20-F was filed with the SEC on April 29, 2014. Renren Inc (NYSE:RENN) shares moved up 1.54% in last trading session and was closed at $3.29 while trading in range of $3.21 – $3.33 – Renren Inc (NYSE:RENN) year to date (YTD) performance is 7.87%.

International Business Machines Corp. (NYSE:IBM) announced a collaboration with Coriell Life Sciences, a provider of genetic analysis at point of care, and CareKinesis, Inc., a Medication Risk Mitigation® pharmacy services firm, to bring personalized medicine to the elderly based on analyzing and storing genetic data in a secure cloud environment. International Business Machines Corp. (NYSE:IBM) weekly performance is 1.54%. On last trading day company shares ended up $195.11. International Business Machines Corp. (NYSE:IBM) distance from 50-day simple moving average (SMA50) is 3.17%. Analysts mean target price for the company is $193.48.

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