Soaring Stocks: GoPro Inc (NASDAQ:GPRO), Elbit Imaging Ltd (NASDAQ:EMITF), Plug Power Inc (NASDAQ:PLUG), Rockwood Holdings, Inc. (NYSE:ROC)

175

GoPro Inc (NASDAQ:GPRO)’s share prices increased by 7 percent when JMP Securities, a financial advisory and research firm, released it research report covering the stocks of GoPro. The report gave GoPro stocks a rating of ‘Outperform’ and a target price that was 50 percent higher than stocks’ current prices. Alex Gauna, an analyst at JMP Securities, said that the company has enough room to multiply its revenues as it has recently traded more than 8.5 million of its motion capture devices. The analyst further stated that the company can seize a market size of $70 billion easily.

In the last trading session, the company opened its stocks at $39 and closed at $41.63. The company has a one year target of $44 and a beta of 4.31, with a market capitalization of $9.53 billion.

On Tuesday, the shares of Elbit Imaging Ltd (NASDAQ:EMITF) jumped up by 9.63 percent when the news of Dutch Court confirming the restructure plan of Plaza hit the market. The company has received approval from 92 percent of its creditors for the Plaza plan. Moreover, the company will be holding its 2014 Annual General Meeting of Shareholders on August 14, 2014, in the Company offices located in Israel.

The company appointed David Dekel, Ron Hadassi, Shlomi Kelsi, Nadav Livni and Yoav Kfir in the Plaza’s board of directors. This addition brings the board to a total of seven members as the new directors will be working together with Sarig Shalhav and Messrs Marco Habib Wichers. On the last trade day, the company opened its stocks at a price of $0.20 and closed at a price of $0.21. The company has a market capitalization of $5.15 million and a price to earnings ratio of 0.04.

The stocks of Plug Power Inc (NASDAQ:PLUG) saw an increase of 13 percent, on Tuesday, when the FBR Capital covered the company’s stocks and gave it a rating of ‘Outperform’ with a target price of $8.

Plug Power Inc (NASDAQ:PLUG), a company that manufactures fuel cell systems, on the last trade day, opened its shares at a price of $4.65 and closed at an increased price of $4.85, after hitting the highest figures of $4.99. The company has a market capitalization of $810.53 million.

Coming to Rockwood Holdings, Inc. (NYSE:ROC), the shares of Rockwood Holdings increased by 10.30 percent and made an all time high record when the news of Albemarle Corp. (ALB) purchasing the stocks of Rockwood Holdings Inc. (ROC) based in New Jersey, Princeton, the biggest lithium producer, for a total of $6.2 billion hit the market. News has it Albemarle will pay $50.65 in cash and 0.4803 for each share of Rockwood, bringing the share price of Rockwood to $85.53. This price is 13 percent higher than the stocks’ closing price on July 14.

The company, on the last trade day, July 16, opened its shares at a price of $85.87 and closed at a price of $83.17, after hitting the highest figures of $86.18. The company has a total market capitalization of $6.03 billion whereas it price to earnings ratio is 88.92. Moreover, the dividend yield of the company is 2.17 percent.

Get Free Updates and Stock Alerts!



*We only send one email per week
Share.

Get Winning Stock Alerts!

Our track record speaks for itself! Our last 7 alerts have delivered combined gains in excess of 300% and there are no signs of slowing down. Join UltimateStockAlerts.com now before you miss out on our next big runner!

We will never sell or share your information.