Tesla Motors Inc (NASDAQ:TSLA) Doug Kass probably isn’t a happy man at the moment. The Seabreeze Partners founder publicly stated he was short one of the top momentum names in the market, Tesla Motors Inc (NASDAQ:TSLA), going into earnings, presumably on valuations concerns. As we have noted many times on Breakout (case in point, Amazon), being short a company that’s radically upending an industry on valuation concerns is a recipe for something called “a bad time. Tesla Motors Inc (NASDAQ:TSLA) stock opened at $251.01 in last session, and closed at $209.97, while the day range of TSLA stock is $206.27-$215.21.The stock showed a positive weekly performance of -7.50%.
Finally, Barrick Gold Corporation (USA) (NYSE:ABX) scored a bullish nod for the fourth straight session today, with RBC lifting its rating to “outperform” from “sector perform.” In addition, Dundee Capital this afternoon lifted its price target on the security to C$25 from C$22. The shares were last seen 4.7% higher at $20.70, and have outperformed the broader S&P 500 Index (SPX) by 18.6 percentage points during the past 40 sessions. Nevertheless, upbeat analyst attention is far from the norm for Barrick Gold Corporation (USA) (NYSE:ABX), as just one out of 16 brokerage firms considers the stock worthy of a “buy” or better endorsement. Barrick Gold Corporation (USA) (NYSE:ABX) stock opened at $20.18, in last session and closed at $20.98, by gained 6.12%.The 52 week range was $13.43-$31.60.Company’s market capitalization is $24.43 Billion.
Kinross Gold Corporation (USA) (NYSE:KGC) along with other major gold miners have trimmed their reserves and have announced further write-downs down the road, indicating the extent of damage caused by a 27% plunge in gold prices last year. On Wednesday, Kinross gold corp announced a further cut in gold reserve by 33%, which surprised its investors. However, there are few investors who are focussing more on the cash flow generated than the reserves. According to analyst PawelRajszel at Veritas Investment Research, the cash flow improvements are important and primary over reserves. The gold miners state that lower reserves can be an advantage to them if the gold prices rally, however, gold analysts differ on this view. Kinross Gold Corporation (USA) (NYSE:KGC) stock gained 5.39% and finished the last session at $5.28. The EPS of the stock remained -4.16. Company’s market capitalization is $6.04 billion.
3D Systems Corporation (NYSE:DDD) announced Wednesday that it has acquired Digital PlaySpace. The Rock Hill-based company didn’t disclose financial terms of the deal. It’s the eighth acquisition by 3D Systems since August 2013. Digital PlaySpace is a game design and development platform which combines 3D printed dollhouse items and toys with social sharing features for kids. 3D Systems Corporation (NYSE:DDD) stock opened the session at $75.94, and closed the session at $80.56.The 52 week range of the DDD stock remained $27.88-$97.28 and the day range was $75.71-$80.60.
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