Big Movers: Verizon Communications (NYSE:VZ), Amazon.com (NASDAQ:AMZN), Caterpillar Inc. (NYSE:CAT), Iconix Brand Group, Inc. (NASDAQ:ICON), Ametek Inc. (NYSE:AME)

Technology Stocks News 3

Verizon Communications Inc. (NYSE:VZ) defended its decision to slow data downloads for some customers using older unlimited data plans, telling U.S. regulators it was a “widely accepted” and lawful part of network management. In a letter dated Aug. 1, Verizon responded to U.S. Federal Communications Commission Chairman Tom Wheeler, who last week wrote Verizon Wireless Chief Executive Dan Mead to say he was “deeply troubled” by Verizon’s plans. Verizon Communications Inc. (NYSE:VZ) belongs to Technology sector. Its net profit margin is 12.50% and weekly performance is -4.44%. On last trading day company shares ended up $49.66. Verizon Communications Inc. (NYSE:VZ) distance from 50-day simple moving average (SMA50) is 0.14%.

When Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Jeff Bezos launched the company’s new fire smartphone on June 18, 2014, he looked so excited about the live customer support feature of the phone and its quasi-3D screen. Experts from smart phone industry seemed quite impressed with his presentation, but the entire picture changed only in six weeks’ time. All the AMZN fans are now straying from the initial accouchement made by Jeff Bezos and paying attention to a different feature.Amazon.com, Inc. (NASDAQ:AMZN) shares moved down -0.42% in last trading session and ended the day at $312.32. AMZN Gross Margin is 28.30% and its return on assets is 0.50%. Amazon.com, Inc. (NASDAQ:AMZN) quarterly performance is 5.02%.

Caterpillar (NYSE:CAT) EVP James B. Buda unloaded 70,828 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $105.23, for a total transaction of $7,453,230.44. Following the transaction, the executive vice president now directly owns 36,787 shares in the company, valued at approximately $3,871,096. The sale was disclosed in a document filed with the SEC. On 05 August, Caterpillar Inc. (NYSE:CAT) shares moved down -0.30% and was closed at $101.50. CAT EPS growth in last 5 year was 0.30%. Caterpillar Inc. (NYSE:CAT) year to date (YTD) performance is 13.88%

Stock analysts at Wunderlich started coverage on shares ofIconix Brand Group (NASDAQ:ICON) in a report issued on Tuesday. The firm set a “hold” rating and a $42.00 price target on the stock.  Iconix Brand Group, Inc. (NASDAQ:ICON) ended the last trading day at $41.99. Company weekly volatility is calculated as 1.49%. Iconix Brand Group, Inc. (NASDAQ:ICON) showed a weekly performance of -1.06%.

AMETEK, Inc. (NYSE: AME) today announced that it has completed two acquisitions:AMPTEK, Inc., a privately held provider of x-ray detectors used to identify the composition of materials using x-ray fluorescence (XRF) within the metal, environmental monitoring, petrochemical, semiconductor and research marketsLuphos GmbH, a highly strategic technology acquisition which provides key non-contact metrology technology used in the measurement of complex aspherical lenses and optical surfaces “Both AMPTEK and Luphos are excellent acquisitions and highly strategic additions to our Electronic Instruments Group.  These businesses will allow us to expand our presence in materials analysis and dimensional metrology, two attractive growth platforms.  These acquisitions also continue our very strong deployment of capital on acquisitions,” comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.Ametek Inc. (NYSE:AME) shares advanced 3.79% in last trading session and ended the day on $50.97. AME Gross Margin is 35.60% and its return on assets is 9.40%. Ametek Inc. (NYSE:AME) quarterly performance is -2.77%.

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