Betting big on the prospects of virtual reality technology, Facebook Inc. (FB) announced yesterday that it had reached an agreement to acquire Oculus VR Inc. – a virtual reality headset maker founded in 2012 – for $2 billion. Facebook Inc (NASDAQ:FB) shares after opening at $60.78 moved to $61.52 on last trade day and at the end of the day closed at $60.24. Company price to sales ratio in past twelve months was calculated as 19.51 and price to cash ratio as 13.42. Facebook Inc (NASDAQ:FB) showed a negative weekly performance of -6.02%.
BlackBerry Ltd (NASDAQ:BBRY)’s pricing strategy seems to be failing in India, which is perceived as one of the most important markets for the company, believe analysts. The strategy of the Canadian firm to give a premium price tag to its devices appears to have backfired as users have flocked to low cost Android devices. BlackBerry Ltd (NASDAQ:BBRY) shares fell -3.92% in last trading session and ended the day on $8.08. BBRY return on equity ratio is recorded as -8.67% and its return on assets is -6.35%. BlackBerry Ltd (NASDAQ:BBRY) yearly performance is -46.53%.
Micron Technology, Inc. (NASDAQ:MU) stock price has increased by more than 300% since the beginning of 2013. The company has shown some great results in recent quarters. Positive Financial Results For 1Q2014, it reported revenues of $4.04 billion which were 42% higher than 4Q2013 and 120% higher than 1Q2013. It reported a non-GAAP net income of $881 million and EPS of $0.77. Micron Technology, Inc. (NASDAQ:MU) shares moved up 7.99% in last trading session and was closed at $23.66, while trading in range of $22.21-$23.68. Micron Technology, Inc. (NASDAQ:MU) year to date performance is 8.78%.
Plug Power Inc (NASDAQ:PLUG) shares have been highly volatile over the past few months. The stock traded at $0.55 on November 5, soared past $11 on March 10, and currently trades at $7.24. Note that the stock reached its all-time high of $1500 on March 10, 2000. Plug Power is driven by pure speculation, and has been a favorite of short sellers. The Motley Fool contributor Tyler Crowe says that Plug Power is highly expensive even if you have the most optimistic view. Plug Power Inc (NASDAQ:PLUG) weekly performance is 24.78%. On last trading day company shares ended up $7.10. Plug Power Inc (NASDAQ:PLUG) distance from 50-day simple moving average is 49.81%. Analysts mean target price for the company is $7.75.
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