Facebook Inc (NASDAQ:FB) accidentally gave a sneak peek at its new photo- and video-sharing app, Slingshot, according to USA TODAY. Facebook prematurely released a version of the app on Monday and then took it down from the iTunes app store. Facebook Inc (NASDAQ:FB) net profit margin is 21.40% and weekly performance is 4.61%. On last trading day company shares ended up $65.77. Analysts mean target price for the company is $77.91. Facebook Inc (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 9.19%.
SanDisk Corporation (NASDAQ:SNDK) was downgraded by equities research analysts at Summit Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. SanDisk Corporation (NASDAQ:SNDK) shares fell -1.05% in last trading session and ended the day on $97.14. Gross Margin is 48.70% and its return on assets is 11.60%. SanDisk Corporation (NASDAQ:SNDK) quarterly performance is 30.14%.
Rambus Inc. (NASDAQ:RMBS) announced the CryptoManager™ platform, a feature management solution developed by the Rambus Cryptography Research (CRI) division. The CryptoManager platform consists of both a Security Engine and an Infrastructure suite that can dramatically improve efficiency and security during the manufacturing process. As lead customer, Qualcomm is integrating the CryptoManager Security Engine into select SoCs and adopting the Infrastructure suite as part of its overall manufacturing process. Rambus Inc. (NASDAQ:RMBS) shares moved up 0.82% in last trading session and was closed at $12.36, while trading in range of $12.07 – $12.38. Rambus Inc. (NASDAQ:RMBS) year to date (YTD) performance is 30.52%.
On Wednesday morning, CBS Corporation (NYSE:CBS) announced that it will be fully divesting its 81% ownership in CBS Outdoor Americas Inc with CBSO eventually converting into a real estate investment trust (REIT). CBS will divest its ownership of CBSO in an exchange that should be tax-free for shareholders in the U.S. The exchange is the final step in separating CBSO from CBS, following Outdoor Americas’ IPO this past April. In the exchange offer, shareholders of CBS stock will have the option to convert their CBS Class B common stock to shares of CBS Outdoors common stock at a 7% discount, with an upper limit of 2.1917 CBS Outdoor shares for every Class B Common stock. CBS Corporation (NYSE:CBS) ended the last trading day at $61.13. Company weekly volatility is calculated as 1.47% and price to cash ratio as 111.69. CBS Corporation (NYSE:CBS) showed a positive weekly performance of 2.74%.
The Boeing Company (NYSE:BA) shares dropped 1.16% to $135.66 in pre-market trading after RBC Capital downgraded the stock from Outperform to Sector Perform. The Boeing Company (NYSE:BA) net profit margin is 5.00% and weekly performance is 1.01%. On last trading day company shares ended up $137.25. Analysts mean target price for the company is $153.91. The Boeing Company (NYSE:BA) distance from 50-day simple moving average (SMA50) is 5.81%.