Tech Movers – Apple Inc. (NASDAQ:AAPL), Nokia Corporation (NYSE:NOK), BlackBerry Ltd (NASDAQ:BBRY), Advanced Micro Devices (NYSE:AMD), Tesla Motors Inc (NASDAQ:TSLA)

Posted by on Feb 03, 2014

There’s growing number of signs that Apple Inc. (NASDAQ:AAPL) is developing a wearable device, such as a watch, that will focus on health and fitness. It’s a critical moment for Apple, which has promised that it will soon break into one or more new product categories as growth in iPhones start to slow. The website 9to5Mac reported that the company is working on a sensor-laden iWatch that will work with an application codenamed “Healthbook” capable of monitoring and storing information such as steps taken, calories burned, blood pressure, hydration levels and even blood-related data such as glucose levels. Apple Inc. (NASDAQ:AAPL) stock opened at $495.18 in last trading session, and closed at $500.60, trading in the range of $493.55 – $501.53. The stock showed a negative weekly performance of -8.33%.

During the years of Nokia Corporation (ADR) (NYSE:NOK)’s decline, culminating in the sale of its mobile phone division to Microsoft in September, thousands of workers were made redundant. But the ex-Nokians have now created hundreds of new companies – thanks partly to a very Finnish level of support from the employer to its departing staff. Nokia Corporation (ADR) (NYSE:NOK) shares closed at $6.92 on last trade day, by losing -1.56%. Stock 52 week range is $3.02 – $8.20. Company’s market capitalization is $25.69 billion.

BlackBerry Ltd (NASDAQ:BBRY) has become the Bluto Blutarsky of the American smartphone market because, as Dean Wormer once said to Bluto, its market share is now “zero… point… zero.” Consumer Intelligence Research Partners on Thursday came out with its latest numbers on mobile market share in the United States and found that BlackBerry devices accounted for 0% of all smartphone activations in the fourth quarter of 2013, which isn’t too surprising considering that the company spent a good chunk of the quarter with a “For Sale” sign hung around its neck. In its last earnings report, BlackBerry said it only sold 1.9 million total smartphones on the quarter and most of those were BlackBerry 7 devices targeted toward emerging markets, so BlackBerry posting a 0% market share in the U.S. over that period is well within the realm of possibility. BlackBerry Ltd (NASDAQ:BBRY) stock decreased -3.42% and finished the last session at $9.45. The EPS of the stock remained -10.19. Company’s market capitalization is $4.97 billion.

Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Advanced Micro Devices, Inc. (NYSE:AMD)  securities during the period between October 27, 2011 and October 18, 2012, inclusive (the “Class Period”).  Advanced Micro Devices, Inc. (NYSE:AMD) stock opened at $3.45 in last trading session, and closed at $3.43, trading in the range of $3.43 – $3.47. The stock showed a negative weekly performance of -1.15%.

Luxury electric carmaker Tesla Motors Inc (NASDAQ:TSLA) is charging into this city in search of tech-savvy car buyers.  Palo Alto-based Tesla plans to open its first store in Contra Costa County in the city’s downtown outdoor mall Broadway Plaza within the next few months. Tesla will have a 3,000-square-foot showroom at the shopping center, a place where people can learn about the electric technology and all the bells and whistles of the car.  Tesla Motors Inc (NASDAQ:TSLA) stock opened at $178.85 in last trading session and closed at $181.41. The 52 week range of the stock is $33.80 – $194.50 and the day range was $178.51 – $186.00.

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