Morgan Stanley assumed coverage on shares of Weibo Corp (NASDAQ:WB) in a research note issued to investors on Monday. The firm issued an equal weight rating and a $21.40 price target on the stock. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is 3.22%. On last trading day company shares ended up $18.91. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is -1.85%.
In company news, EOG Resources Inc. (NYSE:EOG) has turned narrowly lower in late Monday trade, giving back earlier gains that lifted the stock to a new all-time high following a weekend Barron’s article concluding the company’s annual earnings also are poised for a big jump after growing Q1 production 42% over year-ago levels. EOG Resources Inc. (NYSE:EOG) shares fell -0.75% in last trading session and ended the day on $108.69. EOG gross Margin is 91.50% and its return on assets is 7.80%.EOG Resources Inc. (NYSE:EOG) quarterly performance is 17.27%.
Maxim Integrated Products Inc. (NASDAQ:MXIM) VP Edwin Medlin sold 38,051 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $35.45, for a total transaction of $1,348,907.95. Following the transaction, the vice president now directly owns 29,786 shares of the company’s stock, valued at approximately $1,055,914. Maxim Integrated Products Inc. (NASDAQ:MXIM) shares moved down -0.08% in last trading session and was closed at $35.38, while trading in range of $35.23 – $35.73. Maxim Integrated Products Inc. (NASDAQ:MXIM) year to date (YTD) performance is 28.84%.
Over 1,200 NRG Energy Inc. (NYSE:NRG) employees put their regular work to halt in order to contribute the energy to those communities which are a part of volunteer projects. The employees of the company curtailed energy to customers and delivered the same to the communities for the seventh annual NRG Global Giving Day. A few teams of the employees signed up for the cause of 74 charities in 13 different states of the U.S., while also performing an array of volunteer tasks through 6,300 volunteer hours during the event which was spread over multiple days. NRG Energy Inc. (NYSE:NRG) ended the last trading day at $36.24. Company weekly volatility is calculated as 1.22% and price to cash ratio as 3.83.NRG Energy Inc. (NYSE:NRG) showed a positive weekly performance of 0.50%.
On 4 June, Raytheon Company (NYSE:RTN) has been awarded a $6 million study and demonstration contract by the Office of Naval Research (ONR) to further develop an Enterprise Air Surveillance Radar (EASR). Raytheon Company (NYSE:RTN) net profit margin is 9.00% and weekly performance is -0.33%. On last trading day company shares ended up $97.57. Analysts mean target price for the company is $103.60. Raytheon Company (NYSE:RTN) distance from 50-day simple moving average (SMA50) is 0.10%.