Market Movers : Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Corning Inc. (NYSE:GLW), The Blackstone Group L.P. (NYSE:BX), General Finance Corporation (NASDAQ:GFN), Cavco Industries, Inc. (NASDAQ:CVCO)

Technology Stocks News 2

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced the foundry segment’s first and most comprehensive ultra-low power technology platform aimed at a wide range of applications for the rapidly evolving Internet of Things (IoT) and wearable device markets that require a wide spectrum of technologies to best serve these diverse applications. In this platform, TSMC offers multiple processes to provide significant power reduction benefits for IoT and wearable products and a comprehensive design ecosystem to accelerate time-to-market for customers. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) belongs to Technology sector. Its net profit margin is 31.50% and weekly performance is -2.01%. On last trading day company shares ended up $19.95. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) distance from 50-day simple moving average (SMA50) is -2.97%.

Shares of Corning (NYSE:GLW) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the company, American Banking & Market News reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.92. Corning Inc. (NYSE:GLW) shares decreased -1.61% in last trading session and ended the day at $19.55. GLW Gross Margin is 41.40% and its return on assets is 4.30%. Corning Inc. (NYSE:GLW) quarterly performance is -10.49%.

Announced Sep 22, that The Blackstone Group L.P. (NYSE:BX) will stop seeking investments in Russia after the private-equity firm failed to strike a deal in the country in a three-year effort, said a person with knowledge of the plan. On 29 September, The Blackstone Group L.P. (NYSE:BX) shares decreased -0.53% and was closed at $31.83. BX EPS growth in last 5 year was 19.70%. The Blackstone Group L.P. (NYSE:BX) year to date (YTD) performance is 4.05%.

General Finance (NYSE:GFN) Director Larry D. Tashjian purchased 11,500 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were purchased at an average price of $8.51 per share, for a total transaction of $97,865.00. Following the transaction, the director now directly owns 145,817 shares in the company, valued at approximately $1,240,903. General Finance Corporation (NASDAQ:GFN) ended the last trading day at $8.30. Company weekly volatility is calculated as 1.46% and price to cash ratio as 36.75. General Finance Corporation (NASDAQ:GFN) showed a weekly performance of -1.66%.

On September 26, Cavco Industries, Inc. (NASDAQ: CVCO) announced its interest in a potential acquisition of Skyline Corporation, a publicly traded company, at a significant market premium. Over the past several weeks, Cavco has attempted to open a dialogue with the board of directors of Skyline through a series of formal communications, one of which is attached as an exhibit to this release.Cavco Industries, Inc. (NASDAQ:CVCO) shares advanced 1.13% in last trading session and ended the day at $68.68. CVCO Gross Margin is 22.60% and its return on assets is 4.30%. Cavco Industries, Inc. (NASDAQ:CVCO) quarterly performance is -19.48%.

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