Tesla Motors Inc., the electric-car maker, jumped after Morgan Stanley more than doubled its projected price for the stock to $320, saying the company’s bid to disrupt the auto industry may also affect electric utilities. Tesla Motors Inc. (NASDAQ:TSLA) stock opened at $230.00 in last session, and closed at $248.00, while the day range of Tesla Motors Inc. (NASDAQ:TSLA) stock is $228.45 – $259.20. The stock showed a positive weekly performance of 21.75%.
Groupon Inc. (NASDAQ:GRPN) which suffered a major pullback following its fourth-quarter earnings report last Thursday — picked itself back up. Groupon Inc. (NASDAQ:GRPN) stock opened at $7.94 in last session, and closed at $8.41 by gaining 8.10%. The 52 week range of $4.24 – $12.76. Company’s market capitalization is $5.60B.
BlackBerry Ltd (NASDAQ:BBRY) plans to launch a new tool for business and government customers to manage mobile devices on their networks, part of a drive by the one-time smartphone pioneer to focus on its profitable enterprise or services business. BlackBerry Ltd (NASDAQ:BBRY) stock increased 7.83% and finished the last session at $10.60. The EPS of the stock remained -1.62. Company’s market capitalization is $5.56B.
The stock soared after the InterMune Inc. (NASDAQ:ITMN) announced positive Phase 3 test results for a lung-disease treatment that had been rejected by the U.S. Food and Drug Administration, and it planned to refile an application with regulators in the third quarter. InterMune Inc. (NASDAQ:ITMN) stock opened the session at $35.69, and closed the session at $37.80. The 52 week range of the InterMune Inc. (NASDAQ:ITMN) stock remained $8.21 – $38.73 and the day range was $30.20 – $38.73.