On June 2, 2014, Comverse Inc (NASDAQ:CNSI) a global leader in telecom business enablement, announced today that it holds a dominant market share in North America for VoLTE-based (Voice over LTE) services. Several leading communication service providers (CSPs) have made Comverse their sole provider for IP messaging and voicemail services — paving a clear path for richer customer experiences throughout the region. Comverse Inc (NASDAQ:CNSI) stock opened today at $22.28 and is currently trading at $23.20. The stock showed a positive weekly performance of 0.85%.
On May 28, 2014 Vital Therapies, Inc. (NASDAQ:VTL), a biotherapeutic company developing a cell-based therapy targeting the treatment of acute liver failure, announced financial results for the quarter ended March 31, 2014, and provided an update on recent operations. Vital Therapies reported a net loss for the quarter ended March 31, 2014 of $10.7 million and, after the accretion of redemption value and deemed dividends on our preferred stock, a net loss attributable to our common stockholders of $13.8 million. This compares to a net loss of $9.4 million and a net loss attributable to common stockholders of $10.3 million for the quarter ended March 31, 2013. This resulted in a net loss attributable to common stockholders of $24.49 per share for the three months ended March 31, 2014, as compared to a net loss of $22.11 per share for the corresponding period in 2013, on both a basic and fully diluted basis. Vital Therapies Inc (NASDAQ:VTL) stock opened at $17.00, in current trading session and currently is at $17.27, by losing -5.78%. The 52 week range of the stock is $10.66 – $19.36.
On May 7, iShares MSCI Qatar Capped ETF (NASDAQ:UAE) and iShares MSCI UAE Capped ETF (UAE) –hit the market on May 1, 2014, and are solely dedicated to the securities focused on these nations. The launch of these products could not be better timed, given that both the United Arab Emirates (UAE) and Qatar will be upgraded from frontier to emerging markets status from June this year. iShares MSCI UAE Capped ETF (NASDAQ:UAE) stock is currently trading at $ 24.83 . Company’s market capitalization is $ 56.63 million.
On June 5, Cirrus Logic Inc (NASDAQ:CRUS) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 10,596,730 shares, a decrease of 9.4% from the April 30th total of 11,694,824 shares, American Banking News.comreports. Based on an average daily trading volume, of 1,192,713 shares, the days-to-cover ratio is currently 8.9 days. Currently, 17.1% of the company’s shares are short sold. Cirrus Logic, Inc. (NASDAQ:CRUS) stock opened the session at $22.71, and now is at $22.58. The 52 week range of the stock remained $16.46 – $25.91 and the day range was $22.50 – $23.25.
On June 3, 2014 Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) announced the initiation of dosing in an investigational Phase 1b clinical trial of APD334, a novel, oral drug candidate that targets the sphingosine 1-phosphate subtype 1 (S1P1) receptor, to evaluate the compound for the treatment of a number of autoimmune diseases. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock opened today at $5.92 and is currently trading at $5.95. The stock showed a negative weekly performance of -2.44%.