Electronic Equipment: Sony Corp (ADR) (NYSE:SNE), Apple Inc. (NASDAQ:AAPL), Harman International Industries Inc./DE/ (NYSE:HAR), Skullcandy Inc (NASDAQ:SKUL)



Sony Corp (ADR) (NYSE:SNE) plunged 6.1% in Tokyo as the electronics company unexpectedly forecast an annual loss. Shimao Property Holdings Ltd fell 3.2%, pacing a retreat among mainland developers that rallied on Wednesday on optimism the government will support the property market. Tencent Holdings Ltd, Asia’s largest Internet company, surged 5.8% after it posted quarterly profit that beat analyst estimates and a stock split took effect. Sony Corp (ADR) (NYSE:SNE) stock performance was -6.46% in last session and finished the day at $16.50. Traded volume was 7.16million shares in the last session and the average volume of the stock remained 2.00million shares. The beta of the stock remained 1.45.

A US appeals court has refused to revive a Samsung Electronics patent case against Apple Inc. (NASDAQ:AAPL), affirming a decision in favour of the iPhone and iPad maker. Apple Inc. (NASDAQ:AAPL) and Samsung have been litigating around the world for three years, each accusing the other of infringing patents in making smartphones and other mobile devices. Neither side has scored a crippling sales ban against the other. Apple Inc. (NASDAQ:AAPL) rose 0.02 percent to $593.87 Wednesday on volume of 158.00million shares. The intra-day range of the stock was $591.74 to $597.40. Apple Inc. (NASDAQ:AAPL) has a market capitalization of $511.55billion.

Research analysts at Morgan Stanley lifted their target price on shares of Harman International Industries Inc./DE/ (NYSE:HAR) from $44.00 to $45.00 in a report released on Monday, StockRatingsNetwork.com reports. Morgan Stanley’s price target would suggest a potential downside of 58.41% from the company’s current price. In other Harman International Industries Inc./DE/ news, CMO Ralph Santana unloaded 3,650 shares of the stock in a transaction dated Monday, May 5th. Harman International Industries Inc./DE/ (NYSE:HAR)’s stock on May 14, 2014 reported a decrease of -2.12% to the closing price of $105.61. Its fifty two weeks range is $47.58 -$115.00. The total market capitalization recorded $7.19billion. The overall volume in the last trading session was 591.60K shares. In its share capital, HAR has 68.10million outstanding shares.

Shares of Skullcandy, Inc (NASDAQ:SKUL) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, AR Network reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $8.67. On Wednesday, shares of Skullcandy Inc (NASDAQ:SKUL) dropped -3.66% to close the day at $7.10. Company return on investment (ROI) is -1.50% and its monthly performance is recorded as -16.67%. Skullcandy Inc (NASDAQ:SKUL) quarterly revenue growth is -5.71%.

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