Here are some stocks which have made prominent moves in Monday’s stock market:
- Tesla Motors (NASDAQ:TSLA): The shares of Tesla (NASDAQ:TSLA) deteriorated entirely due to the statement made by Morgan Stanley (NYSE:MS) analysts. Stanley warned that the shares of Tesla (NASDAQ:TSLA) were overpriced. This caused the shares to fall by 7.6%, the second biggest drop after the previous 11% decline in May.
- Micron Technology (NASDAQ:MU): The stocks of Micron Technology (NASDAQ:MU) faced a decline for the third time this year. The company, at the end of this month, is expected to declare its quarterly revenue as well. According to the predictions of some analysts, the company might have an increment of 81 cents per share in Q4.
- TripAdvisor Inc. (NASDAQ:TRIP): This company has been having profitable market shares since the last three days. However, on Monday the shares fell by 4.13%. As for the yearly earnings, TripAdvisor’s (NASDAQ:TRIP) stock has seen an increase of 16% in total.
- RadioShack Corporation (NYSE:RSH): The company’s chief financial officer resigned and his resignation resulted in an increase in the value of shares with the stock recovering by 15%. Holly Etlin will be the acting CFO at Radio Shack (NYSE:RSH).
- Molson Coors Brewing Company (NYSE:TAP): The company has resulted in the S&P’s 500 (INDEXSP) shares to increase after a public statement made by Heineken. The Dutch brewer Heineken rejected SABMiller PLC’s (LON:SAB) offer saying that the proposal given by SABMiller (LON:SAB) is ‘non-actionable’.
- Darden Restaurants Inc. (NYSE:DRI): Operator of the restaurant made a statement on the proposal given by Starboard Value LP which was to increase the value for stockholders. The operator said that the proposed steps are already being carried out by the company. He stated that he reviewed Starboard’s proposal thoroughly and there is nothing new which they have suggested.
The activity of these following companies is worth keeping an eye on:
- Yahoo Inc. (NASDAQ:YHOO): Seems like Yahoo (NASDAQ:YHOO) is going to stay in the limelight for quite some time. 23% of Alibaba is owned by yahoo (NASDAQ:YHOO) and Alibaba is about to launch its initial public offering very soon with yahoo (NASDAQ:YHOO) getting about 8.8 billion from the shares.
- Symantec Corp. (NASDAQ:SYMC): According to a report by FactSet (NYSE:FDS), RBC analysts degraded Symantec corporation (NASDAQ:SYMC) shares from a buy to a hold rating with $26 as the target price.
- Netflix Inc. (NASDAQ:NFLX): The company has launched its operations in numerous European countries but seems like France is not giving its shares a warm welcome.
- Cognizant Technology Solutions (NASDAQ:CTSH): This IT company is trying to buy TriZetto Corp., who provide IT services to healthcare companies. Cognizant is ready to spend $2.7 billion for this acquisition.
- Seagate Technology PLC (NASDAQ:STX): The company’s earnings per share was expected to be less in 2015 by Morgan Stanley (NYSE:MS) analysts. As for the target price, analysts raised it to $66 from $65.
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