Billionaire Alisher Usmanov reportedly has sold shares in Apple Inc. (NASDAQ: AAPL) and Facebook Inc. (NASDAQ: FB) to focus on Alibaba and other tech investments in China. Apple Inc. (NASDAQ:AAPL) stock opened today at $525.90 and is currently trading at $529.40. The stock showed a negative weekly performance of -0.79%.
Nokia Corporation (ADR) (NYSE:NOK) saw a relatively rare spike in bearish options betting yesterday, marking a change of pace for the Finnish phone maker. By the close, the equity saw roughly 14,000 puts change hands — a 49% mark-up to its average daily volume, and nearly double the number of NOK calls exchanged. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.64, in current trading session and currently is at $7.65, by gaining 0.46%.The 52 week range of $3.02-$8.20.Company’s market capitalization is $28.34 billion.
Tesla Motors Inc (NASDAQ:TSLA) is once again in the bullish brokerage spotlight, after Goldman Sachs lifted its price target on the stock to $200 from $170, citing a “significant opportunity for Tesla in stationary storage.” On the charts, the stock has soared more than 55% in 2014 to trade at $233.98. Despite Tesla Motors Inc’s impressive technical showing, 37% of its float is sold short. An unwinding of these bearish bets in the face of TSLA’s upward momentum could help propel the stock higher.Tesla Motors Inc (NASDAQ:TSLA) stock is currently trading at $239.00.The EPS of the stock is -0.70. Company’s market capitalization is $29.25 billion.
Sony Corporation (ADR) (NYSE:SNE) has begun laying off employees in its entertainment division, according to an inside source. Prior to the cuts, Sony Pictures Entertainment had roughly 6,500 workers worldwide; it’s unknown how many will be affected by the downsizing effort. Sony Corporation (ADR) (NYSE:SNE) stock opened the session at $16.98, and now is at $17.11. The 52 week range of the SNE stock remained $15.23-$23.38 and the day range was $16.92-$17.11.