Aaron Levie‘s Box may have scored a much-needed boost ahead of its planned $250 million stock offering. The cloud-storage company inked an agreement with General Electric Company (NYSE:GE) to provide online-file-storage services to the industrial giant’s roughly 300,000 employees. General Electric Company (NYSE:GE) net profit margin is 8.60% and weekly performance is -1.23%. On last trading day company shares ended up $26.44. Analysts mean target price for the company is $29.00. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is 1.88%.
In a long-awaited move, China’s leading e-commerce company Alibaba filed papers for an initial public offering of stock seeking to raise at least $1 billion. The documents set the stage for the technology industry’s biggest IPO public offering since Twitter and its early investors collected $1.8 billion in Twitter Inc (NYSE:TWTR)’s market debut last fall. Twitter Inc (NYSE:TWTR) shares advanced 4.24% in last trading session and ended the day on $31.96. TWTR Gross Margin is 61.20% and its return on assets is -34.60%. Twitter Inc (NYSE:TWTR) quarterly performance is -36.12%.
Shares of J.C. Penney Co. Inc. (NYSE:JCP) are up 2.78% to $8.96 yesterday continuing its upward movement following yesterday positive upgrade by UBS to “neutral” from “sell.” J.C. Penney Company, Inc. (NYSE:JCP) shares moved down -1.95% in last trading session and was closed at $8.55, while trading in range of $8.54 – $9.14. J.C. Penney Company, Inc. (NYSE:JCP) year to date (YTD) performance is -6.56%.
Nokia Corporation (ADR) (NYSE:NOK) and HTC already offer OIS in their Lumia and One smartphones, but Apple’s new patent appears to use the technology to create sharper pictures than just steadying them. The Cupertino-based company also appears to have more up its sleeve for the next iPhone’s camera. We’ve already seen plenty of rumors suggesting the iPhone 6 may sport a split camera system that captures light and color data separately for higher-quality images while retaining a slim profile. Nokia Corporation (ADR) (NYSE:NOK) ended the last trading day at $7.30. Company weekly volatility is calculated as 1.53% and price to cash ratio as 2.15. Nokia Corporation (ADR) (NYSE:NOK) showed a negative weekly performance of -2.01%.