Shutterfly (NASDAQ:SFLY) was downgraded by investment analysts at Cowen and Company from an “outperform” rating to an “underperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.comreports. They currently have a $39.00 price objective on the stock, down from their previous price objective of $57.00. Cowen and Company’s target price would indicate a potential downside of 22.67% from the stock’s previous close. Shutterfly, Inc. (NASDAQ:SFLY) stock opened today at $46.78 and is currently trading at $4.96. The stock showed a negative weekly performance of -3.26%.
NewLead Holdings Ltd (NASDAQ:NEWL), an international, vertically integrated shipping and commodity company, announced having executed definitive agreements for the purchase of two eco type 31,800 dwt, Handysize bulk carriers which were built in 2012 for a total attainment price of $37 million. NewLead Holdings Ltd (NASDAQ:NEWL) stock opened at $2.76, in current trading session and currently is at $2.85, by loosing -5.54%.The 52 week range of $2.57-$328.50.Company’s market capitalization is $2.40 million.
The Zack’s Ranking of Ballard Power Systems Inc. (USA)(NASDAQ:BLDP)company, which develops proton exchange membrane (PEM) fuel cells, has been upgraded from the ‘Hold’ rating to ‘Buy’ rating. The current average dollar volume of the stock stands at $159.60 million. The average volume of shares of Ballard Power Systems Inc. (USA)(NASDAQ:BLDP) in past 30 days is around 4.8 million shares per day, making its price move up by almost 156% higher in the past month. The stock prices of this Canada based company had hit a 52 week high on March 10th. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) stock is currently trading at $4.93.The EPS of the stock is -0.35.Company’s market capitalization is $541.29 million.
As the markets have risen to significant new highs over the past two years, some say on the back of artificial Federal Reserve stimulus, certain investors are looking to hedge their portfolios against a potential stock market bubble bursting as the stimulus is withdrawn. The need for portfolio protection has driven the popularity of a once troubled investment vehicle: a volatility-based exchange traded note (ETN), a cause of concern in some corners. In particular, the Credit Suisse AG – VelocityShares Daily 2x VIX Short Term ETN (NASDAQ:TVIX) is witnessing a renaissance despite its troubled past. Credit Suisse AG – VelocityShares Daily 2x VIX Short Term ETN (NASDAQ:TVIX) stock opened the session at $7.35, and now is at $7.45. The 52 week range of the TVIX stock remained $6.45-$44.40 and the day range was $7.31-$7.45.