Hot Movers: BlackBerry Ltd (NASDAQ:BBRY), Pain Therapeutics (NASDAQ:PTIE), Mirati Therapeutics (NASDAQ:MRTX), Weibo Corp (ADR) (NASDAQ:WB), Baidu Inc (ADR) (NASDAQ:BIDU)

Equities research analysts at RBC Capital increased their target price on shares of BlackBerry (NASDAQ:RIMM) from $11.00 to $12.00 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would suggest a potential downside of 7.87% from the company’s current price. BlackBerry Ltd (NASDAQ:BBRY) shares after opening at $9.84 moved to $9.90 on last trade day and at the end of the day closed at $9.78. Company price to sales ratio in past twelve months was calculated as 0.41 and price to cash ratio as 1.88. BlackBerry Ltd (NASDAQ:BBRY) showed a positive weekly performance of 7.59%.

On May 27,2014 Pain Therapeutics, Inc. (NASDAQ:PTIE) announced that management will present at the Jefferies 2014 Global Healthcare Conference on Tuesday, June 3, 2014 at 10:00 a.m. Eastern Time at the Grand Hyatt Hotel in New York City. Pain Therapeutics, Inc. (NASDAQ:PTIE) shares fell -9.74% in last trading session and ended the day on $5.47. PTIE return on equity ratio is recorded as 92.70% and its return on assets is 56.10%. Pain Therapeutics, Inc. (NASDAQ:PTIE) yearly performance is 137.83%.

Mirati Therapeutics Inc. (Nasdaq: MRTX) has announced that mocetinostat, the company’s spectrum selective HDAC inhibitor, has been granted orphan drug designation by the U.S. Food & Drug Administration as a treatment for myelodysplastic syndrome (MDS). Mirati Therapeutics, Inc. (NASDAQ:MRTX) shares moved down -5.01% in last trading session and was closed at $21.79, while trading in range of $21.39-$23.30. Mirati Therapeutics, Inc. (NASDAQ:MRTX) year to date performance is 31.03%.

Credit Suisse began coverage on shares of Weibo Corp (NYSE:WB) in a report released on Tuesday. The firm issued an outperform rating and a $23.00 price objective on the stock. Weibo Corp (ADR) (NASDAQ:WB) weekly performance is 2.58%. On last trading day company shares ended up $20.64. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average is 6.31%. Analysts mean target price for the company is $21.88.

Baidu, Inc. (BIDU) said it expects to raise $1 billion from dollar denominated bonds.
Baidu Inc (ADR) (NASDAQ:BIDU) shares after opening at $183.45 moved to $185.54 on last trade day and at the end of the day closed at $184.96. Company price to sales ratio in past twelve months was calculated as 11.36 and price to cash ratio as 10.17. Baidu Inc (ADR) (NASDAQ:BIDU) showed a positive weekly performance of 6.06%.