On June 4, Glu Mobile Inc. (NASDAQ:GLUU), announced the closing of an underwritten public offering of 9,861,250 shares of its common stock at $3.50 per share for gross proceeds of approximately $34.5 million. The aggregate amount of common shares sold reflects the exercise in full by the underwriters of their option to purchase up to 1,286,250 additional shares of common stock to cover overallotments. Glu Mobile Inc. (NASDAQ:GLUU) stock opened today at $3.63 and is currently trading at $3.65. The stock showed a positive weekly performance of 1.67%.
TheStreet Ratings team reiterates Plug Power Inc (NASDAQ:PLUG) as a “Sell” with a ratings score of D. Plug Power Inc (NASDAQ:PLUG) stock opened at $4.17, in current trading session and currently is at $4.10, by losing -2.15%. The 52 week range of $0.26 – $11.72. Company’s market capitalization is $681.89 million.
The battle for the sky continues. Google Inc (NASDAQ:GOOG) has spent $500 million to buy Skybox Imaging, a company that uses small satellites to transmit high-resolution images from space. Tuesday’s announcement comes only two months after Google acquired Titan Aerospace, which beams Internet signals from high-altitude drones. In March, meanwhile, Facebook (FB)spent $20 million on Ascenta, another drone maker. Google Inc (NASDAQ:GOOG) stock opened the session at $558.00, and now is at $557.00. The 52 week range of the GOOG stock remained $502.80 – $604.83 and the day range was $556.00 – $558.23.
As Canadian smartphone manufacturer BlackBerry Ltd (NASDAQ:BBRY) aims to regain its market share, CEO John Chen hints that a phablet will be next in the strategy of turning around the company’s fortunes. “If we will do another thing, we will probably go to phablet. I think if you look at our strategy and if you look at where the market goes, there is definitely a good market for something between a phone and tablet,” said BlackBerry CEO John Chen in an interview to The Jakarta Post. BlackBerry Ltd (NASDAQ:BBRY) stock is open at $7.82 and currently trading at $7.81. The EPS of the stock is -11.18. Company’s market capitalization is $4.11 billion.
SolarCity Corp (NASDAQ:SCTY) has reached an OEM supply agreement with a leading global provider of energy solutions, REC Group. SolarCity Corp (NASDAQ:SCTY) stock opened at $48.95, in current trading session and currently is at $49.14, by losing -0.10%. The 52 week range of $28.31 – $88.35. Company’s market capitalization is $4.52 billion.
Leave a Reply