On May 21, 2014, United Online, Inc. (NASDAQ:UNTD) entered into an Office Lease with LNR Warner Center IV, LLC (the “Landlord”), for 29,576 rentable square feet located at 21255 Burbank Boulevard, Woodland Hills, California (the “Lease”), which the Company intends to occupy as its new headquarters office. The Lease commencement date is expected to be October 1, 2014. The term of the Lease is six years, with a right to extend the term for an additional five years. United Community Banks (NASDAQ:UCBI)‘s stock had its “buy” rating restated by equities researchers at Raymond James in a research report issued on Monday. They currently have a $19.00 price objective on the stock, down from their previous price objective of $20.50. Raymond James’ target price points to a potential upside of 21.64% from the company’s current price. United Online, Inc. (NASDAQ:UNTD) net profit margin is -38.00% and weekly performance is -7.07%. On last trading day company shares ended up $10.12. Analysts mean target price for the company is $19.88. United Online, Inc. (NASDAQ:UNTD) distance from 50-day simple moving average (SMA50) is -9.52%.
On May 21, Renren Inc. (NYSE:RENN) a leading real-name social networking internet platform in China, announced its unaudited financial results for the first quarter ended March 31, 2014. Renren net revenues were US$12.2 million, representing a 17.3% decrease from the corresponding period of 2013. Within Renren net revenues, online advertising revenues were US$7.8 million for the first quarter of 2014, a 19.2% decrease from the corresponding period of 2013. The decrease was due to increasing competition and traffic migration to mobile. Internet Value-Added Services (IVAS) revenues were US$4.4 million, representing a 13.6% decrease from the corresponding period in 2013. Renren Inc (NYSE:RENN) shares fell -0.30% in last trading session and ended the day on $3.33. Gross Margin is 49.30% and its return on assets is 7.60%. Renren Inc (NYSE:RENN) quarterly performance is -30.33%.
RF Industries, Ltd. (NASDAQ:RFIL) shares moved down -4.97% in last trading session and was closed at $5.16, while trading in range of $5.10 – $5.47. RF Industries, Ltd. (NASDAQ:RFIL) year to date (YTD) performance is -43.23%.
On May 14, 2014 Kips Bay Medical, Inc. (NASDAQ:KIPS) announced that Lawrence H. Cohn, M.D. has been engaged as a consultant to provide medical advisory services. “We’re excited to have such an accomplished and distinguished heart surgeon join our team as an advisor who can help us in the further development and promotion of our eSVS Mesh for bypass surgery,” said Manny Villafanya, Founder, Chairman and Chief Executive Officer of Kips Bay Medical. Kips Bay Medical, Inc. (NASDAQ:KIPS) ended the last trading day at $0.426. Company weekly volatility is calculated as 7.02% and price to cash ratio as 1.94. Kips Bay Medical, Inc. (NASDAQ:KIPS) showed a negative weekly performance of -15.69%.
Cannabis Science, Inc. (OTCMKTS:CBIS) a U.S. Company specializing in cannabis formulation-based drug development is pleased to announce a historic marijuana vote from United States House of Representatives creating serious confidence as marijuana wins U.S. House Vote for First Time in History giving a surprisingly strong majority vote to end Federal actions against medical marijuana. Cannabis Science Inc (OTCMKTS:CBIS) On last trading day company shares ended up $0.106 .