It was recently reported by CNET, technology based website, that Nike Inc. (NYSE:NKE) had no better options, but to exit from their existing divisions of the hardware operations of the Fuelband section. This became apparent after the company started a series of layoffs in its hardware segment. The company was gradually shifting its focus on its digital sports activities, and as result needed to develop its software quality. Nike Inc (NYSE:NKE) net profit margin is 9.90% and weekly performance is 0.67%. On last trading day company shares ended up $73.94. Analysts mean target price for the company is $82.39. Nike Inc (NYSE:NKE) distance from 50-day simple moving average (SMA50) is -0.78%.
Wolverine World Wide Inc (NYSE:WWW) Director William Gerber sold 2,020 shares of Wolverine World Wide stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $26.26, for a total transaction of $53,045.20. Following the sale, the director now directly owns 8,000 shares in the company, valued at approximately $210,080. Wolverine World Wide, Inc. (NYSE:WWW) shares advanced 1.02% in last trading session and ended the day on $25.79. Gross Margin is 39.60% and its return on assets is 5.80%. Wolverine World Wide, Inc. (NYSE:WWW) quarterly performance is -7.76%.
On May 15, MyECheck, Inc. (OTCMKTS:MYEC) the leading developer and licensor of electronic check services, reported Q1 2014 results. For the three months ended March 31, 2013, revenue from operations was $1,361,783, total expenses were $37,737, and net income was $1,323,656. Cash and cash receivables were increased to $1,687,068, and as of May 15, the Company has $1,078,964 in cash. Stockholders equity was increased from a $1.2 million shareholder deficit in the same period previous year, to almost $1.2 million in shareholder equity. MyEcheck Inc (OTCMKTS:MYEC) was closed at $0.0369 , while trading in range of $0.04 – $0.05.
CL King upgraded shares of Crocs Inc (NASDAQ:CROX) from a neutral rating to a strong-buy rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports. Crocs, Inc. (NASDAQ:CROX) ended the last trading day at $15.18. Company weekly volatility is calculated as 2.66% and price to cash ratio as 4.76. Crocs, Inc. (NASDAQ:CROX) showed a positive/negative weekly performance of 3.27%.
Deckers Outdoor Corp (NASDAQ:DECK) was upgraded by investment analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Analyst Ratings Net reports. Deckers Outdoor Corp (NYSE:DECK) net profit margin is 8.90% and weekly performance is -0.90%. On last trading day company shares ended up $79.17. Analysts mean target price for the company is $93.06. Deckers Outdoor Corp (NYSE:DECK) distance from 50-day simple moving average (SMA50) is 1.48%.