Pre-market Buzz: BlackBerry Ltd (NASDAQ:BBRY), DineEquity Inc (NYSE:DIN), VirnetX Holding Corporation (NYSEMKT:VHC), Penn Virginia Corporation (NYSE:PVA), Arrowhead Research Corp (NASDAQ:ARWR)

IDC continues to reduce its BlackBerry Ltd (NASDAQ:BBRY) forecast across the board with volumes expected to drop 49.6% in 2014, equivalent to 9.7 million units. Looking forward, volumes are expected to continue to decline to 4.6 million units in 2018. The question of whether BlackBerry can survive continues to surface, and with expectations that share will fall below 1% in 2014, the only way the company will be viable is likely through a niche approach based on its security assets. BlackBerry Ltd (NASDAQ:BBRY) net profit margin is -6.73% and weekly performance is 0.69%. On last trading day company shares ended up $7.29. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -7.31%.

DineEquity Inc (NYSE:DIN) announced a quarterly dividend on Thursday, May 29th, American Banking News reports. Investors of record on Wednesday, June 18th will be paid a dividend of 0.75 per share on Friday, June 27th. This represents a $3.00 annualized dividend and a dividend yield of 3.76%. DineEquity Inc (NYSE:DIN) shares fell -0.26% in last trading session and ended the day on $79.80. Gross Margin is 57.80% and its return on assets is 3.90%. DineEquity Inc (NYSE:DIN) quarterly performance is -3.79%.

VirnetX Holding Corporation (NYSEMKT:VHC) won a $368 million jury verdict against Apple Inc. (AAPL) in 2012, and soon found itself under attack. VirnetX Holding Corporation (NYSEMKT:VHC) was closed at $15.70 , while trading in range of $14.77 -$15.91. VirnetX Holding Corporation (NYSEMKT:VHC) year to date (YTD) performance is -19.11%.

On May 23, Penn Virginia Corporation (NYSE:PVA)‘s stock had its “buy” rating reiterated by research analysts at SunTrust in a report released on Wednesday. They currently have a $27.00 target price on the stock, up from their previous target price of $25.00. SunTrust’s price objective points to a potential upside of 71.32% from the stock’s previous close. Penn Virginia Corporation (NYSE:PVA) ended the last trading day at $16.36. Company weekly volatility is calculated as 4.77% and price to cash ratio as 45.67. Penn Virginia Corporation (NYSE:PVA) showed a positive weekly performance of 10.84%.

Arrowhead Research Corporation (NASDAQ:ARWR) a biopharmaceutical company developing targeted RNAi therapeutics, today announced that Christopher Anzalone, Ph.D., President and Chief Executive Officer, will present at the Jefferies 2014 Global Healthcare Conference on Thursday, June 5, 2014 at 9:30 a.m. EDT in New York City. A live webcast of the presentation can be accessed by visiting the investors tab of the company’s website atwww.arrowheadresearch.com. A replay will also be archived on the website. Arrowhead Research Corp (NASDAQ:ARWR) weekly performance is 17.96%. On last trading day company shares ended up $13.33. Analysts mean target price for the company is $27.90. Arrowhead Research Corp (NASDAQ:ARWR) distance from 50-day simple moving average (SMA50) is -5.81%.

Comments

Leave a Reply

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