Early Hour Movers (ARTC, FB, MU, CSCO, PFE)
ArthroCare Corporation(NASDAQ:ARTC) shares climbed 1.32% to $30.04 in the early hour. The 52 week trading range for the company is $23.54 – $32.63. The shares of the company gained 13% in the last one year. Additionally, the company’s stock had its “overweight” rating reiterated by equities research analysts at Piper Jaffray in a research note issued to investors on August 23. They currently have a $35.00 price target on the stock.
Facebook Inc (NASDAQ:FB) shares gained 1.80% to $18.92 in the morning hour. The company’s stock had its price target decreased by Morgan Stanley to $32.00 in a research note released this week.
Moreover, the company promised not to sell stock to cover a nearly $2 billion tax bill and said it will allow employees to cash in their stock weeks ahead of schedule, moving to soothe nervous investors and its own staff as its share price spirals downward.
Micron Technology, Inc. (NASDAQ:MU) shares climbed 6.96% to $6.62. The shares of Micron Technology had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a report issued this week and they currently have a $9.50 target price on the stock. Additionally, analysts predict that MU will post $-1.01 earnings per share for the current fiscal year.
Cisco Systems, Inc.(NASDAQ:CSCO) stock jumped 2.96% to $19.46. Cisco Systems Inc and Alstom Grid on August 28, announced the signing of a commercial and technology agreement to develop the next generation of digital substation solutions for electrical grids. This collaboration utilizes Alstom’s smart grid expertise in digital substation solutions with Cisco’s leadership in connected grid solutions and Internet Protocol (IP) communication technologies; together providing a solution that further supports the industry’s grid modernization efforts.
Pfizer Inc. (NYSE:PFE) shares climbed 1.88% to $24.36 after Atlantic Securities restated their overweight rating on shares of Pfizer in a research report sent to investors yesterday and the firm currently has a $30.00 price target on the stock.