Gainers in news: Fusion-IO, Inc. (NYSE:FIO), Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN), DARA Biosciences Inc (NASDAQ:DARA), Tesla Motors Inc (NASDAQ:TSLA), TW Telecom Inc (NASDAQ:TWTC)

Technology Stocks News 9

SanDisk Corp. agreed to buy Fusion-io Inc. (NYSE:FIO) for about $1.1 billion, gaining a provider of storage systems to Facebook Inc. and Apple Inc. and a route to grow its data center business. Fusion-IO, Inc. (NYSE:FIO) stock performance was 22.41% in last session and finished the day at $11.36. Traded volume was 53.52million shares in the last session and the average volume of the stock remained 2.70million shares. Fusion-IO, Inc. (NYSE:FIO) insider ownership is 0.20%.

The massive price target hike on the stock of Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) appears to be a game-changer in the shares of the company. Investors are clearly jostling for a position in the company not just because of the huge price target increase but on the basis of the reason behind of the big hike. Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) rose 20.87 percent to $7.82 Monday on volume of 35.45million shares. The intra-day range of the stock was $7.25 to $8.05. Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) has a market capitalization of $756.94million.

DARA BioSciences Inc (NASDAQ:DARA)’s stock had its “neutral” rating restated by Zacks in a research note issued on Monday. They currently have a $1.75 price target on the stock. Zacks‘s price objective points to a potential upside of 36.72% from the company’s current price. DARA Biosciences Inc (NASDAQ:DARA)’s stock on June 16, 2014 reported a increase of 14.29% to the closing price of $1.28. Its fifty two weeks range is $1.02 -$4.40. The total market capitalization recorded $25.18million. The overall volume in the last trading session was 26.21million shares. In its share capital, DARA has 8.39million outstanding shares.

Tesla Motors Inc. (NASDAQ:TSLA) shares hit their highest level in months following a news report about a possible collaboration with competitors Nissan Motor Co. Ltd. and BMW AG on expanding the network of charging stations for electric cars. On Monday, shares of Tesla Motors Inc (NASDAQ:TSLA) advanced 8.81% to close the day at $224.61. Company return on investment (ROI) is -5.00% and its monthly performance is recorded as 19.10%. Tesla Motors Inc (NASDAQ:TSLA) quarterly revenue growth is -4.00%.

The fairness of the proposed acquisition of TW Telecom Inc. (NASDAQ:TWTC) by Level 3 Communications, Inc. (“LVLT” or “Level 3″) is the subject of an examination by WeissLaw LLP, a national class action, shareholder rights law firm. The examination is focusing on possible breaches of fiduciary duty and other violations of law by the Board of Directors of TW Telecom for agreeing to sell the Company to Level 3. On June 16, 2014, the companies jointly announced they had reached a definitive agreement for Level 3 to acquire all outstanding shares of TW Telecom for a mix of cash and stock worth $40.86 per common share, for a total equity value of $7.3 billion. Under the terms of the agreement, TW Telecom shareholders will receive $10 cash and 0.7 shares of Level 3 common stock for each share of TWTC they own. TW Telecom Inc (NASDAQ:TWTC) stock performance was 7.29% in last session and finished the day at $38.99. Traded volume was 20.19million shares in the last session and the average volume of the stock remained 761.03K shares. The beta of the stock remained 1.13. TW Telecom Inc (NASDAQ:TWTC) insider ownership is 1.10%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone