Rovi Corporation (NASDAQ:ROVI) saw its shares take a beating after an appeals court decision went in favor of Amazon.com, Inc. (NASDAQ: AMZN). Tuesday’s news release shows that the United States Court of Appeals for the Federal Circuit has issued its decision in Rovi’s patent infringement litigation against Amazon. The suit was filed back in 2011 for infringing two patents. Rovi Corporation (NASDAQ:ROVI) shares after opening at $23.22 moved to $23.42 on last trade day and at the end of the day closed at $20.50. Company price to sales ratio in past twelve months was calculated as 3.68 and price to cash ratio as 3.79. Rovi Corporation (NASDAQ:ROVI) showed a negative weekly performance of -13.06%.
Pixel works, Inc. (NASDAQ:PXLW), an innovative provider of video display processing technology, has added Mr. David J. Tupman, a former Apple executive to its board of directors. Pixel works, Inc. (NASDAQ:PXLW) shares fell -5.26% in last trading session and ended the day on $522. PXLW return on equity ratio is recorded as -67.80% and its return on assets is -29.40%. Pixel works, Inc. (NASDAQ:PXLW) yearly performance is 139.45%.
Tiger Global and its affiliated fund now own 2.52 million WUBA shares, up from around 300,000 shares at the end of 2013, according to its latest 13F-HR filing. 58.com Inc (ADR)(NYSE:WUBA) shares moved up 14.86% in last trading session and was closed at $43.45, while trading in range of $ 38.72 – 43.58 . 58.com Inc (ADR)(NYSE:WUBA) year to date (YTD) performance is 13.33%.
B. Riley upped their target price on shares of Auto bytel (NASDAQ:ABTL) from $21.50 to $22.00 in a research note issued on Wednesday, American Banking News.com reports. B. Riley’s target price indicates a potential upside of 59.42% from the stock’s previous close. Auto bytel Inc. (NASDAQ:ABTL) weekly performance is 5.57%. On last trading day company shares ended up $12.70. Auto bytel Inc. (NASDAQ:ABTL) distance from 50-day simple moving average (SMA50) is -14.08%. Analysts mean target price for the company is $20.33.