Hot Movers: BlackBerry Ltd (NASDAQ:BBRY), China Distance Education (NYSE:DL), Body Central (NASDAQ:BODY), Nokia Corporation (ADR) (NYSE:NOK)

Technology Stocks News 14

BlackBerry Ltd. (NASDAQ:BBRY) CEO John Chen said he is committed to the company’s struggling handset business, at least for the time being. “I think we can make the handset business profitable,” said Mr. Chen at a customer event in New York City. “If I can’t make money in the handset business then of course I won’t be in the handset business,” Mr. Chen said. He did not provide a deadline for a turnaround. BlackBerry Ltd (NASDAQ:BBRY) stock performance was -3.64% in last session and finished the day at $7.67. Traded volume was 16.03million shares in the last session and the average volume of the stock remained 24.28million shares. The beta of the stock remained 1.66. BlackBerry Ltd (NASDAQ:BBRY) insider ownership is 15.01%.

China Distance Education Holdings Ltd (ADR) (NYSE:DL) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $21.10 price target on the stock. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) dropped -9.01 percent to $15.14 Thursday on volume of 295.70K shares. The intra-day range of the stock was $15.03 to $16.98. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) has a market capitalization of $516.03million.

Zacks downgraded shares of Body Central Corp. (NASDAQ:BODY) from a neutral rating to an underperform rating. Their analysts now have a $1.10 price target on that stock. Body Central Corp (NASDAQ:BODY)’s stock on Apr 10, 2014 reported a decrease of -7.02% to the closing price of $1.06. Its fifty two weeks range is $0.86 -$13.39. The total market capitalization recorded $17.61million. The overall volume in the last trading session was 638.50K shares. In its share capital, BODY has 16.59million outstanding shares.

The long rumored Nokia Corporation (ADR) (NYSE:NOK) X smartphone was released back in February and with it came several Nokia Corporation (ADR) (NYSE:NOK) exclusive applications like Nokia Corporation (ADR) (NYSE:NOK) Maps and a forked version of Android. On Thursday, shares of Nokia Corporation (ADR) (NYSE:NOK) dropped -2.18% to close the day at $7.64. Company return on investment (ROI) is -25.30% and its monthly performance is recorded as -1.42%. Nokia Corporation (ADR) (NYSE:NOK) quarterly revenue growth is -5.09%.

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