When Apple Inc. (NASDAQ: AAPL) launches the iPhone 6, its management needs to struggle with the balance between the product’s features and the price it charges. Rumors are that the smartphone’s rival, the Samsung Galaxy 5S, may sell for as much as $600. Presumably, the South Korean company believes the product’s new features will be such a tremendous advance in technology that a premium price will not sink sales. And many analysts believe Samsung makes very little on its phones, despite their massive sales volume. An increase in price may be its only option to make large profits. Apple Inc. (NASDAQ:AAPL), on the other hand, makes great margins on the iPhone. However, it may have to trade off price to gain back market share lost to Samsung. Apple Inc. (NASDAQ:AAPL) stock opened today at $539.23 and is currently trading at $538.40. The stock showed a positive weekly performance of 0.75%.
Halozyme Therapeutics, Inc.(NASDAQ:HALO) Hylenex treatment met the main goal of a trial in which a recombinant and a new formulation of the therapy were assessed.The study compared the use of Hylenex as a pretreatment for Type I diabetes patients receiving insulin injections compared with subjects who didn’t receive pre-treatment.Hylenex achieved non-inferiority of hemoglobin A1C levels at six months, the primary endpoint. A1C indicates how much sugar is in the blood.Hylenex also reduced rates of hypoglycemia (low blood sugar), which the lead investigator of the study says is a key unmet need. Halozyme Therapeutics, Inc. (NASDAQ:HALO) stock opened at $13.20, in current trading session and currently is at $12.64, by gaining 4.38%.The 52 week range of $5.03-$18.18. Company’s market capitalization is $1.54 billion.
Governor Rick Scott has announced that Lockheed Martin Corporation (NYSE:LMT)’s mission systems & training-facility located in Orlando will now be expanding and bringing upto 200 jobs & a capital investment of around $80 million. Currently, Lockheed Martin Corporation (NYSE:LMT) employs approximately 7,000 people in Orlando and is also expanding this location due to the corporation-wide consolidation. Lockheed Martin is a global-security & aerospace company which is primarily involved in the research, design, and development, manufacture and integration & the sustainment of advanced-technology systems, products & services. Lockheed Martin Corporation (NYSE:LMT) stock is currently trading at $162.55 .The EPS of the stock is 9.03. Company’s market capitalization is $52.25 billion.
Shares of Legg Mason (NYSE:LM) have earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the stock, AmericanBankingNews.com reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $41.14. Legg Mason Inc (NYSE:LM) stock opened the session at $48.63, and now is at $49.34. The 52 week range of the LM stock remained $29.28-$49.45 and the day range was $48.60-$49.45.