Hot Movers: Apple Inc. (NASDAQ:AAPL),The Progressive Corporation (NYSE:PGR), POSCO (NYSE:PKX), Exelon Corporation (NYSE:EXC)

Posted by on Mar 24, 2014

Apple Inc. (NASDAQ:AAPL) plans to have its iPhone batteries fully manufactured on automated production lines in 2014 in an effort to reduce dependence on human resources, a report from DigiTimes said, adding that the move is likely to influence other smartphone makers to follow suit. Apple has already automated its Mac Pro and iMac production lines, and, according to the report, “other than materials and final assembly,” manual intervention is not required for the rest of the manufacturing process. Apple Inc. (NASDAQ:AAPL) shares after opening at $ 531.93 moved to $533.75 on last trade day and at the end of the day closed at $ 532.87 . Company price to sales ratio in past twelve months was calculated as 2.74 and price to cash ratio as 11.73. Apple Inc. (NASDAQ:AAPL) showed a positive weekly performance of 1.56%.

The Progressive (NYSE:PGR) was upgraded by analysts at William Blair from a market perform rating to an outperform rating. The Progressive Corporation (NYSE:PGR) shares advanced 1.68% in last trading session and ended the day on $24.22. PGR return on equity ratio is recorded as 18.00% and its return on assets is 4.80%. The Progressive Corporation (NYSE:PGR) yearly performance is 3.77%.

POSCO (NYSE:PKX) was upgraded by analysts at Citigroup Inc. from a neutral rating to a buy rating. POSCO (ADR)(NYSE:PKX) shares moved up 2.50% in last trading session and was closed at $67.72, while trading in range of $ 66.46 – 67.82. POSCO (ADR)(NYSE:PKX) year to date (YTD) performance is -13.18%.

Credit Suisse upgraded shares of Exelon (NYSE:EXC) from a neutral rating to an outperform rating in a report released on Thursday, TheFlyOnTheWall.com reports. Exelon Corporation (NYSE:EXC) weekly performance is 6.23%. On last trading day company shares ended up $32.55. Exelon Corporation (NYSE:EXC) distance from 50-day simple moving average (SMA50) is 11.84%. Analysts mean target price for the company is $28.89.

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