Research analysts at JPMorgan Chase & Co. boosted their price objective on shares of Merrimack Pharmaceuticals (NASDAQ:MACK) from $9.00 to $15.00 in a report released on Thursday, American Banking News.com reports. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 241.69% from the stock’s previous close. Merrimack Pharmaceuticals Inc (NASDAQ:MACK) shares advanced 59.23% in last trading session and ended the day on $6.99. MACK return on equity ratio is recorded as -349.10% and its return on assets is -80.40%. Merrimack Pharmaceuticals Inc (NASDAQ:MACK) yearly performance is 55.33%.
Alpha Natural Resources, Inc. (NYSE:ANR)’s shares gained 2.79% to $4.42. The company on May 1 reported a first quarter 2014 net loss of $56 million or $0.25 per diluted share compared with a net loss of $111 million or $0.50 per diluted share in the first quarter of 2013. The company said in the first quarter 2014 adjusted net income was $15 million or $0.07 per diluted share compared with adjusted net loss of $104 million or $0.47 per diluted share in the first quarter of 2013. Alpha Natural Resources, Inc.(NYSE:ANR) shares advanced 5.35% in last trading session and ended the day on $4.53. ANR return on equity ratio is recorded as -24.70% and its return on assets is -9.00%. Alpha Natural Resources, Inc. (NYSE:ANR) yearly performance is -39.36%.
Capstone Turbine Corporation (NASDAQ:CPST) announced on Thursday an offering of 18.8 million shares to a single institutional investor that will raise $30.2 million. The Chatsworth company will use the proceeds for working capital and for other general corporate purposes. The company develops and manufactures low-emission microturbine systems. The offering, which is set at $1.70 a share, is expected to close on May 6. The offering will gross $32 million with a net of $30.2 million after the subtraction of underwriting discounts and commissions. The investor was not disclosed. Capstone Turbine Corporation (NASDAQ:CPST) shares moved down – 13.59% in last trading session and was closed at $1.78, while trading in range of $ 1.76 – 1.88.Capstone Turbine Corporation (NASDAQ:CPST) year to date (YTD) performance is 37.98%.
Oi SA (ADR) (NYSE:OIBR) on the daily charts has seen a fierce downtrend which has seen the stock close below all intermediate and long term supports. The stock saw some upward price movement in yesterday’s trading session but we believe that this might be just a dead cat bounce and traders should use this opportunity to sell the stock. The stock has fallen below its important daily moving averages which shows the weakness the stock has witnessed. Oi SA (ADR)(NYSE:OIBR) weekly performance is -20.09%. On last trading day company shares ended up $0.935. Oi SA (ADR)(NYSE:OIBR) distance from 50-day simple moving average (SMA50) is -32.25%. Analysts mean target price for the company is $2.83.
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