Aeropostale Inc. (NYSE:ARO), the clothing chain for teens, plummeted 22 percent after forecasting a bigger loss than analysts had estimated. Chief Executive Officer Tom Johnson is trying to turn around the retailer after six straight quarters of losses. In April, the company announced it would close about 125 of its P.S. Aeropostale Inc. (NYSE:ARO) net profit margin is -6.80% and weekly performance is -23.37%. On last trading day company shares ended up $3.41. Analysts mean target price for the company is $6.87. Aeropostale Inc. (NYSE:ARO) distance from 50-day simple moving average (SMA50) is -31.30%.
TIG Advisors, LLC a stockholder of Zale Corporation (NYSE:ZLC) owning approximately 9.5% of its outstanding shares of common stock, filed definitive proxy materials with the Securities and Exchange Commission (SEC) in connection with the special meeting of Zale stockholders scheduled for May 29, 2014 to consider the proposed merger of Zale with Signet Jewelers Limited (NYSE: SIG) (“Signet”) for $21 per share in cash. Zale Corporation (NYSE:ZLC) shares fell -0.37% in last trading session and ended the day on $21.75. ZLC gross Margin is 53.00% and its return on assets is 1.60%.Zale Corporation (NYSE:ZLC) quarterly performance is 2.69%.
The grappling micro blogging site, Twitter Inc (NYSE:TWTR) has recently conducted its shareholders meeting. The company outlined its future strategies and outlook and restored confidence of the investors in the company’s growth. However, Twitter needs to prove its credibility before it suffers more contraction in its stake. Twitter Inc. (NYSE:TWTR) shares moved down -3.24% in last trading session and was closed at $30.50, while trading in range of $30.45 – $31.68. Twitter Inc. (NYSE:TWTR) year to date (YTD) performance is -52.08%.
Zynga (NASDAQ:ZNGA)’s share price dropped 2.4% on Thursday after Piper Jaffray lowered their price target on the stock from $5.00 to $4.50, AmericanBankingNews.com reports. The company traded as low as $3.31 and last traded at $3.31, with a volume of 14,266,302 shares. The stock had previously closed at $3.39. Zynga Inc. (NASDAQ:ZNGA) ended the last trading day at $3.28. Company weekly volatility is calculated as 5.05% and price to cash ratio as 3.71.Zynga Inc. (NASDAQ:ZNGA) showed a negative weekly performance of -2.09%.
Gazprom OAO (ADR) (OTCMKTS:OGZPY) on Wednesday clinched a contract with China National Petroleum Corp. (CNPC) to sell an estimated $400 billion worth of gas over 30 years beginning in 2018. On last trading day company shares ended up $8.41.
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