As Groupon Inc. (NASDAQ:GRPN)’s business model flagged, the company took some of its hard-won capital and used it to expand into other areas such as flash deals on high-end merchandise — time-limited sales popularized by sites like Ideeli Inc. for fashion (which Groupon bought) and Fab.com for design. The idea behind these sites is that consumers get access to high-end goods at a deep discount but only for a few days. Groupon Inc (NASDAQ:GRPN) net profit margin is -4.70% and weekly performance is 4.66%. On last trading day company shares ended up $6.29. Analysts mean target price for the company is $8.76. Groupon Inc (NASDAQ:GRPN) distance from 50-day simple moving average (SMA50) is -12.69%.
IBM will stop buying and reselling storage technology from NetApp Inc (NASDAQ:NTAP) as part of a plan to move customers to its own products. IBM plans to formally withdraw from selling NetApp Inc (NASDAQ:NTAP)’s new N series systems on Tuesday and shut down development on the product line, according to an internal memo reviewed by Bloomberg. Instead, the company will encourage clients to buy IBM-made offerings. NetApp Inc. (NASDAQ:NTAP) shares fell -1.11% in last trading session and ended the day on $35.76. NTAP Gross Margin is 62.00% and its return on assets is 7.00%. NetApp Inc. (NASDAQ:NTAP) quarterly performance is -10.42%.
Quantum Corp (NYSE:QTM) CEO Jeffrey Ronaldi acquired 4,588 shares of the stock in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $1.10 per share, for a total transaction of $5,046.80. Following the purchase, the chief executive officer now directly owns 94,613 shares of the company’s stock, valued at approximately $104,074. Quantum Corp (NYSE:QTM) shares moved up 1.82% in last trading session and was closed at $1.12, while trading in range of $1.09 – $1.13. Quantum Corp (NYSE:QTM) year to date (YTD) performance is -6.67%.
TheStreet lowered shares of Dot Hill Systems Corp (NASDAQ:HILL) from a buy rating to a hold rating in a research report released on Monday, 12 May morning. Dot Hill Systems Corp. (NASDAQ:HILL) ended the last trading day at $4.23. Company weekly volatility is calculated as 5.36% and price to cash ratio as 6.30. Dot Hill Systems Corp. (NASDAQ:HILL) showed a positive weekly performance of 12.20%.
China’s Lenovo Group Limited (ADR) (OTCMKTS:LNVGY), the world’s fourth-biggest smartphone vendor, saw net profit grow 29 per cent for the business year ended March, as strong smartphone sales helped shore up weak growth in China. Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) on last trading day company shares ended up $24.52.