Zynga, Inc. (NASDAQ:ZNGA) stock declined Thursday on very heavy volume, falling about 12% intraday. The fall follows comments from CEO Don Mattrick at the Bank of America Merrill Lynch Global Technology Conference yesterday. The presentation does not appear to contain any bombshells, but some investor may have been disappointed that Mattrick wasn’t more upbeat. Zynga Inc (NASDAQ:ZNGA) net profit margin is -13.20% and weekly performance is -12.90%. On last trading day company shares ended up $2.97. Analysts mean target price for the company is $4.62. Zynga Inc (NASDAQ:ZNGA) distance from 50-day simple moving average (SMA50) is -23.76%.
Vera Bradley, Inc. (NASDAQ:VRA) announced that its products will be sold at select Macy’s locations. By mid-July, Macy’s will offer a selection of Vera Bradley handbags, totes, and accessories in approximately 70 locations across the country. Vera Bradley, Inc. (NASDAQ:VRA) shares fell -5.39% in last trading session and ended the day on $23.89. Gross Margin is 55.1% and its return on assets is 19.30%. Vera Bradley, Inc. (NASDAQ:VRA) quarterly performance is -11.78%.
Novavax, Inc. (NASDAQ:NVAX) a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of recombinant nanoparticle vaccines and adjuvants, announced that it has priced an underwritten public offering of 25 million shares of common stock at a price to the public of $4.00 per share for gross proceeds of approximately $100 million. Novavax expects to receive net proceeds, after deducting the underwriting discount, of approximately $94 million from the offering. In connection with this offering, Novavax expects to grant to the underwriters a 30-day option to purchase up to an additional 3.75 million shares of its common stock Novavax, Inc. (NASDAQ:NVAX) shares moved down -11.02% in last trading session and was closed at $4.52, while trading in range of $4.51 – $4.86. Novavax, Inc. (NASDAQ:NVAX) year to date (YTD) performance is -11.72 %.
UTi Worldwide Inc. (NASDAQ:UTIW) reported financial results for its fiscal 2015 first quarter ended April 30, 2014. The GAAP net loss in the fiscal 2015 first quarter includes a loss on debt extinguishment of $21.8 million, or $0.21 per diluted share, related to the company’s refinancing activities completed earlier in the year. In addition, UTi recorded additional tax expense exceeding its normalized tax rate of $13.0 million, or $0.12 per diluted common share. UTi Worldwide Inc. (NASDAQ:UTIW) ended the last trading day at $9.70. Company weekly volatility is calculated as 4.86% and price to cash ratio as 5.00. UTi Worldwide Inc. (NASDAQ:UTIW) showed a negative weekly performance of -1.82%.
Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) and International Business Machines Corp. (IBM) have sought more time for a U.S. national-security review of Lenovo’s planned purchase of IBM’s low-end server unit, according to a person familiar with the matter. Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) On last trading day company shares ended up $24.90.