Market Movers : EXCO Resources Inc. (NYSE:XCO), Care.com, Inc. (NYSE:CRCM), Infoblox Inc. (NYSE:BLOX), Ametek Inc. (NYSE:AME), Reynolds American Inc. (NYSE:RAI)

Technology Stocks News 8

EXCO Resources Inc (NYSE:XCO) expects to tap $118.75 million from the sale of interests in some of its assets. The company said it will unload 25% interest in its property known as Compass Production Partners. Additionally, it will sell 50% of its interest in the property known as Compass Production GP. The interests will be sold to a unit of Harbinger Group (NYSE:HRG). The transaction is expected to close in 4Q2014. XCO expects to use the funds generated from the transaction to pay down its revolving commitment. EXCO Resources Inc. (NYSE:XCO) belongs to Basic Materials sector. Its net profit margin is -30.80% and weekly performance is -15.41%. On last trading day company shares ended up $2.58. EXCO Resources Inc. (NYSE:XCO) distance from 50-day simple moving average (SMA50) is -39.13%.

Needham & Company LLC started coverage on shares of Care.com (NASDAQ:CRCM) in a research note issued on Wednesday. The firm set a “buy” rating and a $11.00 price target on the stock. Needham & Company LLC’s price target points to a potential upside of 37.33% from the company’s current price. Care.com, Inc. (NYSE:CRCM) shares increased 5.12% in last trading session and ended the day at $8.42. CRCM Gross Margin is 77.40% and its return on assets is -25.70%. Care.com, Inc. (NYSE:CRCM) quarterly performance is -24.75%.

Infoblox Inc. (NASDAQ:BLOX) VP Sohail M. Parekh sold 14,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $13.81, for a total transaction of $198,864.00. Following the completion of the sale, the vice president now directly owns 141,068 shares in the company, valued at approximately $1,948,149. On 08 October, Infoblox Inc. (NYSE:BLOX) shares increased 3.53% and was closed at $14.95. BLOX EPS growth in last 5 year was -13.40%. Infoblox Inc. (NYSE:BLOX) year to date (YTD) performance is -54.72%.

Ametek Inc. (NYSE:AME), the Berwyn maker of electronic instruments, said it agreed to sell $700 million in senior notes in a private placement with institutional investors at a weighted-average interest rate of 3.88 percent. Shares closed down 88 cents, or 1.8 percent, at $49.33. In August, Ametek said, it earned 61 cents per share on sales of $991 million for the second quarter. Ametek Inc. (NYSE:AME) ended the last trading day at $49.52. Company weekly volatility is calculated as 1.94% and price to cash ratio as 43.04. Ametek Inc. (NYSE:AME) showed a weekly performance of 0.39%.

Reynolds American Inc. (NYSE:RAI) will host a conference call and webcast following the release of third-quarter 2014 financial results before the market opens on Oct. 21. Reynolds American Inc. (NYSE:RAI) shares increased 1.54% in last trading session and ended the day at $60.08. RAI Gross Margin is 53.20% and its return on assets is 10.20%. Reynolds American Inc. (NYSE:RAI) quarterly performance is -2.39%.

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