Yahoo! Inc. (NASDAQ:YHOO) has acquired a mobile messaging app called Blink, which lets users share self-destructing messages just like Snapchat. The app also competes against other self-destructing photo apps like Frankly, Confide, and Wickr. The terms of the deal were undisclosed. All 7 of Blink’s team members will be joining Yahoo! Yahoo! plans to shutdown Blink, which means that this deal was an “acqui-hire.” Yahoo! Inc. (NASDAQ:YHOO) net profit margin is 27.60% and weekly performance is -0.35%. On last trading day company shares ended up $33.80. Analysts mean target price for the company is $42.22. Yahoo! Inc. (NASDAQ:YHOO) distance from 50-day simple moving average (SMA50) is -6.15%.
Citigroup Inc. (NYSE:C) Chief ExecutiveOfficer Michael Corbat spent almost three months talking abouthis intent to change the bank’s culture after fraud and aregulatory review exposed weak controls. Citigroup Inc. (NYSE:C) shares fell -1.27% in last trading session and ended the day on $46.52. C return on assets is 0.90%.Citigroup Inc. (NYSE:C) quarterly performance is -6.68%.
Micron Technology (NYSE:MU) Director Robert Switz sold 25,000 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $27.56, for a total value of $689,000.00. Following the completion of the transaction, the director now directly owns 102,709 shares in the company, valued at approximately $2,830,660. Micron Technology, Inc. (NASDAQ:MU) shares moved down -3.72% in last trading session and was closed at $25.86, while trading in range of $25.25 – $26.89. Micron Technology, Inc. (NASDAQ:MU) year to date (YTD) performance is 18.90%.
General Motors Company (NYSE:GM) announced another mammoth recall Thursday, this time for 2.7 million vehicles in the United States, including its Corvette, Malibu sedans, Silverado pickup trucks and millions of older cars. General Motors Company (NYSE:GM) ended the last trading day at $34.36. Company weekly volatility is calculated as 1.83% and price to cash ratio as 1.96.General Motors Company (NYSE:GM) showed a negative weekly performance of -1.41%.
Nordstrom Inc. (NYSE:JWN) net income slipped to 72 cents per share because of increased investments in technology and costs related to its impending launch in Canada. However its revenue improved. Nordstrom, Inc. (NYSE:JWN) net profit margin is 5.90% and weekly performance is 0.34%. On last trading day company shares ended up $61.49. Analysts mean target price for the company is $64.91. Nordstrom, Inc. (NYSE:JWN) distance from 50-day simple moving average (SMA50) is -0.64%.