Nokia Corporation (ADR) (NYSE:NOK) took the wraps off its low-end Nokia X smartphone, the first in a new family of phones running Google’s Android software designed to regain Nokia’s eroding position in developing markets. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.41 moved to $7.46 on last trade day and at the end of the day closed at $7.31. Company price to sales ratio in past twelve months was calculated as 0.78. Nokia Corporation (ADR) (NYSE:NOK) showed a negative weekly performance of -3.05%.
Oi SA (ADR) (NYSE:OIBR) is looking forward for a positive outcome on March 27 shareholder meeting. The objective of the meeting is to discuss and vote on the proposed merger of Oi SA (ADR) (NYSE:OIBR) with Portugal Telecom, SGPS (ADR) (NYSE:PT). In the latest developments the company has moved one step ahead in the proposed merger as it is now confirmed that Autoridade da Concorrencia, the regulatory body of Portugal has approved the tie-up. The Brazilian Equivalent Cade has already approved the merger in February. With the approval coming from the Portugal regulatory body the deal is seen finalizing from both the parties. Oi SA (ADR) (NYSE:OIBR) shares fell -8.67% in last trading session and ended the day on $1.37. Oi SA (ADR) (NYSE:OIBR) yearly performance is -49.45%.
BlackBerry Ltd (NASDAQ:BBRY), a world leader in mobile communications, announced that it has entered into an agreement pursuant to which it will sell the majority of its real estate holdings in Canada. The announced transaction is part of BlackBerry’s ongoing program to improve operational efficiencies, optimize resource usage and shift resources to support operations as the business continues to evolve. BlackBerry Ltd (NASDAQ:BBRY) shares moved down -2.14% in last trading session and was closed at $9.16, while trading in range of $ 9.14 – 9.43. BlackBerry Ltd (NASDAQ:BBRY) year to date (YTD) performance is 23.12%.
SunEdison Inc (NYSE:SUNE) call volume jumped to more than two times its daily average yesterday, as 122,000 contracts crossed the tape. As such, the solar stock’s 30-day at-the-money implied volatility surged by 8.1% to 67.1%. SunEdison Inc (NYSE:SUNE) weekly performance is -12.23%. On last trading day company shares ended up $18.15. SunEdison Inc (NYSE:SUNE) distance from 50-day simple moving average (SMA50) is 7.83%. Analysts mean target price for the company is $21.43.