NQ Mobile Inc (ADR)(NYSE:NQ), which jumped 38% after the company reported that its special committee’s independent investigation did not find any evidence that the company had engaged in the fraudulent conduct alleged by Muddy Waters. Carson Block of Muddy Waters said in an emailed statement to Bloomberg that NQ Mobile is “unequivocally a fraud” and the company’s press release was “whitewash.” NQ Mobile Inc (ADR) (NYSE:NQ) net profit margin is 4.40% and weekly performance is 35.92%. On last trading day company shares ended up $9.99. Analysts mean target price for the company is $33.00. NQ Mobile Inc (ADR) (NYSE:NQ) distance from 50-day simple moving average (SMA50) is -18.95%.
Protective Life Corp (NYSE:PL) agreed to be acquired by Japan’s Dai-ichi Life Insurance for $5.7 billion, or $70 per share, making it the largest ever acquisition by a Japanese insurance company. Protective Life Corp. (NYSE:PL) shares advanced 18.12% in last trading session and ended the day on $69.36. Its return on assets is 0.60 %. Protective Life Corp. (NYSE:PL) quarterly performance is 32.77%.
MannKind Corporation (NASDAQ:MNKD) VP Diane Palumbo sold 52,957 shares of the stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $9.50, for a total transaction of $503,091.50. Following the completion of the sale, the vice president now directly owns 158,858 shares of the company’s stock, valued at approximately $1,509,151. MannKind Corporation (NASDAQ:MNKD) shares moved up 10.83% in last trading session and was closed at $10.54, while trading in range of $9.70 – $10.55. MannKind Corporation (NASDAQ:MNKD) year to date (YTD) performance is 102.69%.
In a bid to build its position in the Chinese solar market, solar technology company, SunEdison Inc. (NYSE:SUNE) announced a strategic alliance with local solar wafer manufacturer, Huantai Group to develop solar power projects in the country. Sunedison Inc (NYSE:SUNE) ended the last trading day at $20.67. Company weekly volatility is calculated as 6.06% and price to cash ratio as 9.65. Sunedison Inc (NYSE:SUNE) showed a positive weekly performance of 6.16%.
Molycorp Inc (NYSE:MCP) shares popped higher on Wednesday as bargain hunters stepped in after the stock hit its lowest level since its reincarnation five years ago. Molycorp Inc (NYSE:MCP) net profit margin is -90.00% and weekly performance is -4.12%. On last trading day company shares ended up $2.79. Analysts mean target price for the company is $4.10. Molycorp Inc (NYSE:MCP) distance from 50-day simple moving average (SMA50) is -31.91%.