Analysts at Jefferies Group lifted their target price on shares of Avanir Pharmaceuticals Inc. (NASDAQ:AVNR) from $4.00 to $5.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential downside of 11.19% from the company’s current price. Avanir Pharmaceuticals Inc. (NASDAQ:AVNR) stock opened today at $5.34 and is currently trading at $5.61. The stock showed a positive weekly performance of 4.31%.
Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) announces that on 13 June 2014, 3,205 ordinary shares in the Company were issued and allotted by the Company to Mark Bristow, a director of the Company, and 677 ordinary shares in the Company were issued and allotted by the Company to Graham Shuttleworth, a director of the Company, at their nominal value (US$0.05) in satisfaction of the partial vesting of the first one third tranche of the awards granted on the 13 June 2011 under the Randgold Resources Limited Restricted Share Scheme in respect of 38,456 ordinary shares and 8,121 ordinary shares, respectively. Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) stock opened at $77.74, in current trading session and currently is at $77.66, by losing -0.84%. The 52 week range of $59.19 – $85.48. Company’s market capitalization is 7.19 billion.
Broadcom Corporation (NASDAQ:BRCM) has been downgraded to “Hold” at Benchmark on a valuation call. BRCM has a dividend yield of 1.24%. Broadcom Corporation (NASDAQ:BRCM) stock is currently trading at $38.52. The EPS of the stock is 0.68. Company’s market capitalization is 22.53 billion.
SolarCity Corp. (NASDAQ:SCTY) has signed a definitive agreement to acquire solar technology and manufacturing company Silevo. The transaction was announced in a post from SolarCity’s Elon Musk, chairman; Peter Rive, co-founder and chief technology officer; and Lyndon Rive, CEO, on the company’s blog. SolarCity Corp (NASDAQ:SCTY) stock opened the session at $54.99, and now is at $57.42. The 52 week range of the SolarCity Corp (NASDAQ:SCTY) stock remained $28.31 – $88.35 and the day range was $54.25 – $57.63.
Zillow, Inc. (NASDAQ:Z), the leading real estate information marketplace, today launched Zillow Rent Connect, a performance-focused marketing solutionthat will transform the way multifamily property management marketers connect with future residents. The foundation of Zillow Rent Connect is high-quality, certified contacts from the Zillow Rental Network coupled with elite service for multifamily marketers. Zillow Inc. (NASDAQ:Z) stock opened today at $128.97 and is currently trading at $128.63. The stock showed a positive weekly performance of 11.12%.