Morgan Stanley (NYSE:MS) Director Howard J. Davies sold 12,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $31.17, for a total value of $374,040.00. Following the transaction, the director now directly owns 65,771 shares of the company’s stock, valued at approximately $2,050,082. Morgan Stanley (NYSE:MS) shares after opening at $29.93 moved to $29.96 on last trade day and at the end of the day closed at $29.46. Company price to sales ratio in past twelve months was calculated as 1.57 and price to cash ratio as 3.55. Morgan Stanley (NYSE:MS) showed a negative weekly performance of -3.47%.
Pfizer Inc.(NYSE:PFE) announced first quarter (1Q) results for its fiscal 2013 (FY13) before markets opened. The largest US-based pharmaceutical beat earnings estimates but revenues fell well short of consensus estimate, and declined on a year-over-year (YoY) basis. The share price is down about 2.5%. The company reported revenues of $11.3 billion during the quarter, missing the Street’s estimates of $12.1 billion by 6.57%. Sales were down 9% YoY, due to the loss of patent exclusivity of major drugs such as Lipitor, and increased generic competition leading to a decline in both the top line and bottom line. Pfizer reported earnings per share (EPS) of $0.57, which were $0.02 ahead of the Street’s estimates. Net income was $2.33 billion, a 15% drop from the same quarter of last year. Pfizer Inc. (NYSE:PFE) shares fell -1.77% in last trading session and ended the day on $29.43. PFE return on equity ratio is recorded as 52.60% and its return on assets is 23.20%. Pfizer Inc. (NYSE:PFE) yearly performance is 5.86%.
JMP Group Inc. (NYSE:JMP), an investment banking and alternative asset management firm, announced that Edward K. Weld has joined JMP Securities as a managing director in its investment banking division. Based in the firm’s New York office, Mr. Weld will concentrate on the origination of debt capital markets transactions. JMP Group Inc.(NYSE:JMP) shares moved down -2.88 % in last trading session and was closed at $6.75, while trading in range of $ 6.75 – 6.94. JMP Group Inc.(NYSE:JMP) year to date (YTD) performance is -7.62%.
Activision Blizzard, Inc. (NASDAQ:ATVI) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.29, Analyst Ratings.Net reports. The company issued revenue guidance of $4.675 billion, compared to the consensus revenue estimate of $4.64 billion. Activision Blizzard also updated its Q2 guidance to $0.01 EPS. Activision Blizzard, Inc. (NASDAQ:ATVI) weekly performance is-1.93%. On last trading day company shares ended up $19.31. Activision Blizzard, Inc. (NASDAQ:ATVI) distance from 50-day simple moving average (SMA50) is -3.27%. Analysts mean target price for the company is $23.28.