SunEdison Inc. (NYSE:SUNE) was raised to Overweight from Equal Weight with a $24 price target at Morgan Stanley. Solazyme Inc. (NASDAQ: SZYM) was downgraded to Neutral from Buy at Goldman Sachs. Sunedison Inc. (NYSE:SUNE) stock opened at $20.35 in last session, and closed at $20.89, while the day range of Sunedison Inc. (NYSE:SUNE) stock is $20.18 – $21.33. The stock showed a positive weekly performance of 23.03%.
MBIA Inc. (NYSE: MBI) (the Company) reported an adjusted pre-tax loss (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $84 million for the fourth quarter of 2013 compared with adjusted pre-tax income of $110 million for the fourth quarter of 2012. MBIA Inc. (NYSE:MBI) stock opened at $13.80 in last session, and closed at $14.84 by gaining 11.41%. The 52 week range of $8.73 – $16.15. Company’s market capitalization is $2.86 billion.
Lorillard, Inc. (NYSE:LO) had an impressive Tuesday trading session on reports that Reynolds American Inc. (NYSE:RAI) was interested in buying the company. The merger would consolidate the pure-play tobacco companies in America from three down to two. While we would consider this a rumour of sorts for now, there are some serious considerations here. Reynolds American, Inc. (NYSE:RAI) stock increased 5.67% and finished the last session at $56.31. The EPS of the stock remained 3.12. Company’s market capitalization is $31.07 billion.
Investors certainly have to be happy with Vipshop Holdings Ltd ADR (NYSE:VIPS) and its short term performance. After all, the stock has jumped by 24.1% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. Vipshop Holdings Ltd – ADR (NYSE:VIPS) stock opened the session at $157.34, and closed the session at $169.21. The 52 week range of the Vipshop Holdings Ltd – ADR (NYSE:VIPS) stock remained $23.26 – $182.00 and the day range was $153.16 – $182.00.