SINA Corp. (NASDAQ:SINA)’s shares jumped 1.14% to $62.23 yesterday. SINA’s stock was upgraded to Outperform from Sector Perform at Pacific Crest on Mar. 31. Pacific Crest upgraded SINA to reflect increasing liquidity in many of its assets, increased clarity on asset composition, limited downside and decreased Weibo valuation reliance. Price target is $88. SINA Corp (NASDAQ:SINA) shares after opening at $62.91 moved to $63.75 on last trade day and at the end of the day closed at $61.75. Company price to sales ratio in past twelve months was calculated as 6.20 and price to cash ratio as 2.21. SINA Corp (NASDAQ:SINA) showed a positive weekly performance of 3.56%.
Google Inc (NASDAQ:GOOG)’s purchase of smart thermostat maker Nest Labs Inc. for $3.2 billion was the largest M&A transaction of the quarter. Second was VMware Inc.’s $1.5 billion acquisition of AirWatch LLC, a seller of mobile management and security technology to enterprises. Google Inc (NASDAQ:GOOG) shares advanced 0.02% in last trading session and ended the day on $1,135.10. GOOG return on equity ratio is recorded as 15.90% and its return on assets is 12.50%. Google Inc (NASDAQ:GOOG) yearly performance is 40.80%.
BlackBerry Ltd (NASDAQ:BBRY) announced that it has ended its commercial relationship with T-Mobile. Its current licensing contract ends on April 25, and it will not be renewed. BlackBerry Ltd (NASDAQ:BBRY) shares moved up 1.36% in last trading session and was closed at $8.21 while trading in range of $8.05 – $8.28 – BlackBerry Ltd (NASDAQ:BBRY) year to date (YTD) performance is 10.35%.
Shares of The Walt Disney Company (NYSE:DIS) were the target of some unusual options trading on Tuesday. Stock investors purchased 17,228 call options on the company, AnalystRatingsNetwork reports. This represents an increase of 137% compared to the average volume of 7,254 call options. The Walt Disney Company (NYSE:DIS) weekly performance is 3.88%. On last trading day company shares ended up $81.67. The Walt Disney Company (NYSE:DIS) distance from 50-day simple moving average (SMA50) is 4.47%. Analysts mean target price for the company is $82.62.