Losers on Major News: Apple Inc. (NASDAQ:AAPL), Comcast Corporation (NASDAQ:CMCSA), Tesla Motors (NASDAQ:TSLA), Nokia Corporation (NYSE:NOK)

Apple Inc. (NASDAQ:AAPL) on Tuesday lost an attempt to dismiss lawsuits by state attorneys general accusing it of conspiring with five major publishers to fix e-book prices. Apple Inc. (NASDAQ:AAPL) shares after opening at $520.27 moved to $521.64 on last trade day and at the end of the day closed at $517.96. Company price to sales ratio in past twelve months was calculated as 2.66 and price to cash ratio as 11.35. Apple Inc. (NASDAQ:AAPL) showed a negative weekly performance of -1.05%.

Comcast Corporation (NASDAQ:CMCSA) had the most increase in basic cable rates in four years. The rates went up by 68 percent according to the findings of Free Press, a Washington D.C. group. Comcast Corporation (NASDAQ:CMCSA) shares fell -0.51% in last trading session and ended the day on $48.41. CMCSA return on equity ratio is recorded as 13.80% and its return on assets is 4.30%. Comcast Corporation (NASDAQ:CMCSA) yearly performance is 18.94%.

Tesla Motors Inc. (NASDAQ:TSLA), a heavily traded momentum stock which zoomed past the much-anticipated $200 mark just two months ago, has been on a downward slide for the last month. Tesla Motors Inc. (NASDAQ:TSLA) shares moved down -2.11% in last trading session and was closed at $193.91, while trading in range of $184.32 – $199.29. Tesla Motors Inc. (NASDAQ:TSLA) year to date (YTD) performance is 28.90%.

Nokia Corporation (ADR) (NYSE:NOK) first Android smartphone that was launched in India last month has received its first price drop within a month. Nokia has slashed the price of the Nokia X by around Rs 850, and the device is now for Rs 7,729 on the company’s official site. Nokia Corporation (ADR) (NYSE:NOK) weekly performance is -5.67%. On last trading day company shares ended up $7.15. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -4.00%. Analysts mean target price for the company is $8.01.