Losers on Major News: Twitter Inc. (NYSE:TWTR), International Business Machines (NYSE:IBM), Bank of America (NYSE:BAC), BlackBerry Ltd (NASDAQ:BBRY)

Twitter Inc. (NYSE:TWTR) recently announced that it is acquiring Gnip, one of its four long-time data partners. Investors’ sentiments were positively impacted by the news as the share price surged. Twitter Inc. (NYSE:TWTR) shares after opening at $45.42 moved to $45.56 on last trade day and at the end of the day closed at $44.42. Company price to sales ratio in past twelve months was calculated as 39.38 and price to cash ratio as 11.72. Twitter Inc. (NYSE:TWTR) showed a positive weekly performance of 4.54%.

The lawsuit centered on an agreement between Iusacell SA de CV and International Business Machines Corp. (NYSE:IBM) entered in Mexico. International Business Machines Corp. (NYSE:IBM) shares fell -0.31% in last trading session and ended the day on $196.40. IBM return on equity ratio is recorded as 98.20% and its return on assets is 16.40%. International Business Machines Corp. (NYSE:IBM) yearly performance is -4.39%.

Bank of America Corp(NYSE:BAC) reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently. Bank of America Corp (NYSE:BAC) shares moved down -1.59% in last trading session and was closed at $16.13, while trading in range of $15.78 – $16.22. Bank of America Corp (NYSE:BAC) year to date (YTD) performance is 3.66%.

The troubles at BlackBerry Ltd. (NASDAQ:BBRY) which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company’s hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. BlackBerry Ltd (NASDAQ:BBRY) weekly performance is -10.18%. On last trading day company shares ended up $7.15. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -21.92%. Analysts mean target price for the company is $10.90.