Notable Movers: Lululemon Athletica (NASDAQ:LULU), Acacia Research (NASDAQ:ACTG), Guggenheim Solar ETF (NYSEARCA:TAN), First Solar (NASDAQ:FSLR)

Lululemon athletica inc. (NASDAQ:LULU) is struggling to turn it around after a PR fiasco surrounding its most popular yoga pants sent sales into a tailspin. Lululemon Athletica inc. (NASDAQ:LULU) shares after opening at $52.67 moved to $53.00 on last trade day and at the end of the day closed at $52.98. Company price to sales ratio in past twelve months was calculated as 4.84 and price to cash ratio as 11.02. Lululemon Athletica inc. (NASDAQ:LULU) showed a positive weekly performance of 10.40%.

Acacia Research Corporation (NASDAQ:ACTG) announced yesterday that its Bonutti Skeletal Innovations LLC subsidiary has entered into a settlement and patent license agreement with Biomet, Inc., Biomet Sports Medicine, LLC, Biomet Manufacturing, LLC (formerly doing business as Biomet Manufacturing Corp.) The agreement resolves litigation pertaining to suture anchors and platelet concentration that was pending in the United States District Court for the Northern District of Indiana. Acacia Research Corp (NASDAQ:ACTG) shares advanced 4.32% in last trading session and ended the day on $15.94. Acacia Research Corp (NASDAQ:ACTG) return on equity ratio is recorded as -2.20% and its return on assets is -2.00%. Acacia Research Corp (NASDAQ:ACTG) yearly performance is -44.73%.

Guggenheim Solar (NYSEARCA:TAN) continued to outshine the market, soaring 23% in first quarter on top of a 128% rally last year. Guggenheim Solar ETF (NYSEARCA:TAN) shares moved up 2.51% in last trading session and was closed at $45.32, while trading in range of $44.44 – $45.69. Guggenheim Solar ETF (NYSEARCA:TAN) year to date (YTD) performance is 28.82%.

First Solar, Inc. (NASDAQ:FSLR) is close to signing deals with mining companies in Australia to supply its solar technology to help them save on fuel costs. First Solar, Inc. (NASDAQ:FSLR) weekly performance is -1.65%. On last trading day company shares ended up $70.89. First Solar, Inc. (NASDAQ:FSLR) distance from 50-day simple moving average (SMA50) is 25.57%. Analysts mean target price for the company is $59.27.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *