Wal-Mart Stores Inc (NYSE:WMT) filed a suit against Visa Inc. for $5 billion last week, accusing the credit and debit card network of excessively high card swipe fees, according to a report from Reuters. Wal-Mart Stores, Inc. (NYSE:WMT) shares after opening at $76.76 moved to $0.44 on last trade day and at the end of the day closed at $76.77. Company price to sales ratio in past twelve months was calculated as 0.52 and price to cash ratio as 37.41. Wal-Mart Stores, Inc. (NYSE:WMT) showed a negative weekly performance of -0.13%.
Both the iShares Nasdaq Biotechnology ETF (IBB) and Guggenheim Solar ETF (NYSEARCA:TAN) have now given back more than 13% on a closing basis from their high-water marks. Guggenheim Solar ETF (NYSEARCA:TAN) shares advanced 2.51% in last trading session and ended the day on $45.32. Guggenheim Solar ETF (NYSEARCA:TAN) yearly performance is 192.39%.
GE Energy Financial Services, the General Electric Company (NYSE:GE) energy investing business has announced its plans to acquire a majority stake in a solar power plant being built in Setouchi, Japan. GE is expected to contribute around 10-20 billion yen to the project which would be operated by KuniUmi Asset management. GE currently has equity stake in production of 900000 KW of power from solar energy, with plants spread across the United States and Europe. General Electric Company (NYSE:GE) shares moved down -0.08% in last trading session and was closed at $25.87 while trading in range of $25.75 – $25.99 – General Electric Company (NYSE:GE) year to date (YTD) performance is -6.91%.
Leerink reiterated an Outperform rating on GW Pharmaceuticals (NASDAQ:GWPH) and $79 price target. GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) weekly performance is -10.83%. On last trading day company shares ended up $59.02. GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) distance from 50-day simple moving average (SMA50) is -5.91%. Analysts mean target price for the company is $75.67.