On June 25, 2014, Oi SA (ADR) (NYSE:OIBR), hereby discloses to its shareholders and the market in general that its subsidiaries Telemar Norte Leste S.A. (“Telemar”) and BRT Servicos de Internet S.A. (“BRTSI”, and together with Telemar, the “Sellers”) entered into an agreement with SBA Torres Brasil, Limitada (the “Buyer”), in which they committed to transfer shares representing 100% of the capital stock of a company controlled by the Sellers that owns 1,641 mobile telecommunications towers (the “Transaction”), in exchange for the aggregate amount of R$1,172,493,238, on the closing date (the “Closing”), which is expected to occur in December 2014. Oi SA (ADR) (NYSE:OIBR), weekly performance is -14.84%. On last trading day company shares ended up $0.784. Analysts mean target price for the company is $1.45. Oi SA (ADR) (NYSE:OIBR), distance from 50-day simple moving average (SMA50) is -16.67%.
Plug Power Inc (NASDAQ:PLUG), was the recipient of a large decline in short interest in the month of June. As of June 13th, there was short interest totalling 30,929,836 shares, a decline of 12.0% from the May 30th total of 35,147,026 shares, Stock Ratings News reports. Based on an average trading volume of 7,967,810 shares, the short-interest ratio is currently 3.9 days. Approximately 19.2% of the shares of the company are sold short. Plug Power Inc (NASDAQ:PLUG), advanced 0.85% in last trading session and ended the day on $4.72. PLUG, Gross Margin is -44.40% and its return on assets is -251.80%. Plug Power Inc (NASDAQ:PLUG), quarterly performance is -37.40%.
Glu Mobile Inc. (NASDAQ:GLUU), announced the Kim Kardashian game last Wednesday. The game is available for download from the Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) app stores to play on their respective tablets and smartphones. “The game features Kim’s likeness, voice and creative influence as she guides players on their journey to success in Hollywood,” a press release says. Glu CEO Niccolo de Masi described the game as the “most compelling celebrity-simulation on mobile.” Glu Mobile Inc. (NASDAQ:GLUU), shares moved down 1.40% in last trading session and was closed at $4.93, while trading in range of $4.81 – 5.18. Glu Mobile Inc. (NASDAQ:GLUU), year to date (YTD) performance is 27.06%.
Depomed Inc (NASDAQ:DEPO), updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $0.00-$0.16 for the period, compared to the Thomson Reutersconsensus EPS estimate of $0.26, Analyst Ratings.Net reports. The company issued revenue guidance of $200-$215 million, compared to the consensus revenue estimate of $208.61 million. Depomed Inc (NASDAQ:DEPO), ended the last trading day at $14.30. Company weekly volatility is calculated as 2.86% and price to cash ratio as 3.98. Depomed Inc (NASDAQ:DEPO), showed a positive weekly performance of 8.91%.
AK Steel Holding Corporation (NYSE:AKS), had its price objective increased by Jefferies Group from $6.50 to $7.00 in a research report sent to investors on Monday. Jefferies Group currently has a hold rating on the stock. AK Steel Holding Corporation (NYSE:AKS), net profit margin is -2.20% and weekly performance is 6.30%. On last trading day company shares ended up $8.10. Analysts mean target price for the company is $6.68. AK Steel Holding Corporation (NYSE:AKS), distance from 50-day simple moving average (SMA50) is 18.88%.