SLM Corp (NASDAQ:SLM) spun off its loan management and recovery business under Navient Corp (NASDAQ:NAVI). However, the action to spin off the loan management segment can be seen causing damage to the stock. Share of the company collapsed more than 65 percent by mid afternoon on Thursday, suggesting investor anger over the recent developments. SLM Corp(NASDAQ:SLM) shares after opening at $9.45 moved to $9.48 on last trade day and at the end of the day closed at $9.02. Company price to sales ratio in past twelve months was calculated as 0.61 and price to cash ratio as 0.85. SLM Corp (NASDAQ:SLM) showed a negative weekly performance of -64.82%.
Research analysts at JPMorgan Chase & Co. boosted their price objective on shares of Merrimack Pharmaceuticals (NASDAQ:MACK) from $9.00 to $15.00 in a report released on Thursday, American Banking News.com reports. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 241.69% from the stock’s previous close. Merrimack Pharmaceuticals Inc (NASDAQ:MACK) shares advanced 59.23% in last trading session and ended the day on $6.99. MACK return on equity ratio is recorded as -349.10% and its return on assets is -80.40%. Merrimack Pharmaceuticals Inc (NASDAQ:MACK) yearly performance is 55.33%.
Finally, JDS Uniphase Corp (NASDAQ:JDSU) came up well short of analysts’ top- and bottom-line estimates during its appearance in the earnings confessional last night. Subsequently, the shares spiraled to a 14.2% loss yesterday to finish at $10.87, after earlier touching an annual low of $10.53. This landed the stock on the short-sale restricted list, and prompted traders to rush into JDS Uniphase’s options pits, where overall volume finished at more than 12 times the daily average. Taking a step back, option bulls have been flocking toward JDSU, as evidenced by its 50-day ISE/CBOE/PHLX call/put volume ratio of 3.82 — which is higher than more than two-thirds of comparable readings from the previous year. However, if the stock extends its recent downtrend, an unwinding of those bullish positions — particularly at out-of-the-money strikes — could intensify the selling pressure. JDS Uniphase Corp (NASDAQ:JDSU) shares moved down -14.21% in last trading session and was closed at $10.87, while trading in range of $ 10.53 – 11.82. JDS Uniphase Corp (NASDAQ:JDSU) year to date (YTD) performance is -16.32%.
Analysts at Oppenheimer hoisted their price target on shares of Yelp (NASDAQ:YELP) from $78.00 to $80.00 in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 37.17% from the stock’s previous close. Yelp Inc (NYSE:YELP) weekly performance is 2.11%. On last trading day company shares ended up $64.02. Yelp Inc (NYSE:YELP) distance from 50-day simple moving average (SMA50) is -19.16%. Analysts mean target price for the company is $90.42.
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