Priceline Group Inc (NASDAQ:PCLN) declined on the Friday trading session as it acquired OpenTable Inc (NASDAQ:OPEN) for $2.6 billion. The problem is not with the acquisition, but the problem is clearly with the acquisition price. The offer of $103 a share for acquiring the company was at a huge 46% premium to Thursday’s closing price of $70. Priceline Group Inc (NASDAQ:PCLN) stock opened today at $1,202.55 and is currently trading at $1,205.66. The stock showed a negative weekly performance of -2.23%.
Stratasys Ltd. (Nasdaq:SSYS), a leading global provider of 3D printing and additive manufacturing solutions, announced that the company’s multi-material Objet Connex 3D printing technology has played a leading role in the production of the iconic RoboCop suit created by Legacy Effects for the main character in this year’s blockbuster movie. Stratasys, Ltd. (NASDAQ:SSYS) stock opened at $98.07, in current trading session and currently is at $100.85, by gaining 3.17%. The 52 week range is $77.79 – $138.10. Company’s market capitalization is $4.83 billion.
On June 5, 2014, Westport Innovations Inc. (USA) (NASDAQ:WPRT) engineering the world’s most advanced natural gas engines and systems, announced that Ashoka Achuthan has been appointed as Chief Financial Officer (CFO) of Westport. Bill Larkin has been appointed to Vice President, Corporate Development, focusing on strategic initiatives and investments, and development agreements that will contribute to Westport’s financial growth. Westport Innovations Inc. (USA) (NASDAQ:WPRT) stock is currently trading at $16.84. The EPS of the stock is -3.03. Company’s market capitalization is $1.02 billion.
On June 13, 2014, Sunedison Inc (NYSE:SUNE) announced that, at its May 29, 2014 Annual Meeting, its stockholders voted to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of the Company’s authorized shares of common stock issuable from 300,000,000 to 700,000,000. Sunedison Inc (NYSE:SUNE) stock opened the session at $21.36, and now is at $22.15. The 52 week range of the stock remained $6.24 – $22.33 and the day range was $21.27 – $22.33.
SolarCity Corp (NASDAQ:SCTY) agreed to acquire Silevo Inc., a Fremont, California-based producer of photovoltaic panels. SolarCity is planning to open a manufacturing plant in New York, the San Mateo-California-based company said in a blog post on its website today. Terms weren’t disclosed. SolarCity Corp (NASDAQ:SCTY) stock opened today at $54.99 and is currently trading at $58.45. The stock showed a positive weekly performance of 10.60%.