Nokia Corporation (ADR) (NYSE:NOK) said about 5,000 workers at its factory in the southern Indian city of Chennai accepted a voluntary retirement plan after the company failed to resolve a tax dispute in the country. The retirements, accounting for about three-quarters of the facility’s 6,600 employees, were announced in a statement from Nokia issued by an external public-relations company. Nokia Corporation (ADR) (NYSE:NOK) net profit margin is -9.50%. On last trading day company shares ended up $7.24. Analysts mean target price for the company is $8.07. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -2.62%.
Sorrento Therapeutics, Inc. (NASDAQ:SRNE) a late-stage clinical oncology company developing new treatments for cancer and its associated pain, announced the pricing of an underwritten public offering of 4,765,000 shares of common stock at a public offering price of $5.25 per share.
Sorrento Therapeutics Inc. (NASDAQ:SRNE) shares fell -2.15% in last trading session and ended the day on $5.00. SRNE return on assets is -65.10%.Sorrento Therapeutics Inc. (NASDAQ:SRNE) quarterly performance is -48.24%.
Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) announced that new clinical data from two ongoing Phase 1/2 clinical trials of its investigational hypoxia-activated prodrug, TH-302, will be presented during poster highlight sessions on Friday, May 30, 2014, at the 50th Annual Meeting of the American Society of Clinical Oncology (ASCO), taking place May 30 – June 3, 2014, in Chicago, Illinois. Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) shares moved down -2.43% in last trading session and was closed at $3.62, while trading in range of $3.51 – $3.71. Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) year to date (YTD) performance is -22.48%.
Endeavour International Corp. (NYSE:END) was downgraded by equities researchers at SunTrust from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall. Endeavour International Corporation (NYSE:END) ended the last trading day at $2.05. Company weekly volatility is calculated as 5.89% and price to cash ratio as 1.92.Endeavour International Corporation (NYSE:END) showed a negative weekly performance of -8.48%.
RadioShack (NYSE:RSH) stock is sliding, a day after receiving a downgrade from Fitch Ratings on concerns the company will need to restructure its debt. RadioShack Corporation (NYSE:RSH) net profit margin is -11.70% and weekly performance is -8.27%. On last trading day company shares ended up $1.22. Analysts mean target price for the company is $1.89. RadioShack Corporation (NYSE:RSH) distance from 50-day simple moving average (SMA50) is -33.64%.