RBC Capital downgraded shares of Groupon (NASDAQ:GRPN) from a sector perform rating to an underperform rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have $7.00 target price on the stock, down from their previous target price of $11.00. Groupon Inc (NASDAQ:GRPN) stock opened at $7.94 in last session, and closed at $8.10, while the day range of GRPN stock is $7.87-$8.50.The stock showed a negative weekly performance of -18.03%.
BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) shares have gained 32% this year through yesterday. The stock jumped another 3.56% in pre-market trading Tuesday to $10.18 after reports that Ford Motor Company (NYSE:F) may ditch Microsoft Corporation (NASDAQ:MSFT) in favor of BlackBerry’s QNX OS. According to this chart by Eagle Bay Capital (via Business Insider), the ‘sell BlackBerry and buy Apple Inc. (NASDAQ:AAPL)’ trade has flipped. Shares of the iPhone maker are down 5.97% this year so far. BlackBerry Ltd (NASDAQ:BBRY) stock opened at $10.38, in last session and closed at $10.60, by gained 7.83%. The 52 week range was $5.44-$16.82.Company’s market capitalization is $5.58 billion.
Zynga Inc (NASDAQ:ZNGA), the social games maker that like Facebook Inc (NASDAQ:FB) soon after initial public offering, is now becoming the rival’s measuring yard in how best to go public. King Digital Entertainment is planning its own IPO, but at the center of the thing are spirited efforts to avoid Zynga blunders. First, King is already into a profitable business, its revenue and profits are very impressive and investors are looking forward to equally great IPO. Zynga Inc (NASDAQ:ZNGA) stock gained 1.60% and finished the last session at $5.80.The EPS of the stock remained -0.05.Company’s market capitalization is $4.14 billion.
SolarCity Corp (NASDAQ:SCTY) surprised Wall Street on Monday by delaying its fourth quarter earnings. The Elon Musk-backed company postponed its Q4 earnings release to March 3 after the market close. SolarCity said the delay was mainly due to the accounting delays related to its recent acquisitions, and a change in overhead allocation related to an increase in megawatts deployed. Investors reacted to the delay. Shares fell as much as 6.9% yesterday in after-hours trading. The reaction on Twitter ranged from furious to humorous. SolarCity Corp (NASDAQ:SCTY) stock opened the session at $76.82, and closed the session at $81.18.The 52 week range of the SCTY stock remained $15.88-$83.79 and the day range was $76.00-$83.79.