The United States Court of Appeals for the Federal Circuit has issued its decision in Rovi’s patent infringement litigation against Amazon Inc. Rovi (NASDAQ: ROVI) had sued Amazon in United States District Court for the District of Delaware in 2011 for infringing the two patents at issue. The appeals court sided with Amazon and found that the District Court’s interpretation of the claims of the patents was correct and therefore Amazon did not infringe these patents. Rovi Corporation (NASDAQ:ROVI) shares after opening at $20.54 moved to $22.73 on last trade day and at the end of the day closed at $22.40. Company price to sales ratio in past twelve months was calculated as 4.02 and price to cash ratio as 4.14. Rovi Corporation (NASDAQ:ROVI) showed a negative weekly performance of -9.53%.
Pacira Pharmaceuticals, Inc. (NASDAQ: PCRX) announced the pricing of its previously announced public offering of 1,600,000 shares of its common stock at a public offering price of $64.00 per share. After deducting underwriting discounts and commissions and estimated offering expenses, Pacira will receive net proceeds of approximately $96.0 million in the offering. In addition, Pacira has granted the underwriters a 30-day option to purchase up to 240,000 additional shares of common stock. The offering is expected to close on or about April 14, 2014, subject to customary closing conditions. Pacira Pharmaceuticals Inc (NASDAQ:PCRX) shares advanced 11.35% in last trading session and ended the day on $72.88. PCRX return on equity ratio is recorded as -158.90% and its return on assets is -49.40%. Pacira Pharmaceuticals Inc (NASDAQ:PCRX) yearly performance is 148.91%.
China‘s multimedia social hangout YY Inc (ADR) (NASDAQ:YY) issued five-year convertible bonds to the tune of $400 million, with 2.25% coupon rate and 35% conversion premium over yesterday’s close. Citi, Deutsche Bank and Morgan Stanley were joint bookrunners. YY Inc (ADR) (NASDAQ:YY) shares moved up 6.38% in last trading session and was closed at $73.56, while trading in range of $67.81-$73.66. YY Inc (ADR) (NASDAQ:YY) year to date performance is 46.30%.
Citigroup Inc. restated their neutral rating on shares of Severn Trent Plc (LON:SVT) in a report released on Friday,StockRatingsNetwork.com reports. Citigroup Inc. currently has a GBX 1,750 ($29.01) price objective on the stock. Mercadolibre Inc (NASDAQ:MELI) weekly performance is -3.89%. On last trading day company shares ended up $91.77. Mercadolibre Inc (NASDAQ:MELI) distance from 50-day simple moving average is -3.82%. Analysts mean target price for the company is $107.75.