Mid Cap Movers: SolarCity Corp (NASDAQ:SCTY), Zynga Inc (NASDAQ:ZNGA), Coach (NYSE:COH), Rite Aid (NYSE:RAD)

Technology Stocks News 10

SolarCity Corp. (NASDAQ:SCTY), the largest installer of rooftop solar panels, offers similar storage systems. The company has said it’s faced hurdles imposed by California utilities that are reluctant to connect the systems to the grid. SolarCity Corp (NASDAQ:SCTY) stock performance was 1.45% in last session and finished the day at $70.00. Traded volume was 500.00million shares in the last session and the average volume of the stock remained 5.61million shares. SolarCity Corp (NASDAQ:SCTY) insider ownership is 1.50%.

Zynga, Inc. (NASDAQ:ZNGA) is a leading developer of the world’s most popular social games that are played by more than 100 million monthly consumers. The company has created evergreen franchises such as FarmVille, Zynga Casino and Words With Friends. Zynga’s NaturalMotion, an Oxford-based mobile game and technology developer, is the creator of hit mobile games in popular entertainment categories, including CSR Racing, CSR Classics and Clumsy Ninja. Zynga Inc (NASDAQ:ZNGA) rose 2.63 percent to $3.12 Monday on volume of 14.31million shares. The intra-day range of the stock was $3.03 to $3.15. Zynga Inc (NASDAQ:ZNGA) has a market capitalization of $2.76billion.

Citigroup Inc. reiterated their neutral rating on shares of Coach Inc (NYSE:COH) in a research report released on Friday morning. Citigroup Inc. currently has a $36.00 price objective on the stock, down from their previous price objective of $50.00. Coach Inc (NYSE:COH)’s stock on June 23, 2014 reported a decrease of -2.04% to the closing price of $34.02. Its fifty two weeks range is $33.83-$59.58. The total market capitalization recorded $9.33billion. The overall volume in the last trading session was 16.91million shares. In its share capital, COH has 274.17million outstanding shares.

Rite Aid Corporation (NYSE:RAD) on June 19 said its fiscal first-quarter profit dropped 55 percent as it dealt with higher-than-expected drug costs and reimbursement rate reductions. Its earnings matched analysts’ expectations, while revenue was slightly above of Wall Street’s view. For the period ended May 31, the company reported net income attributable to common stockholders of $41.4 million, or 4 cents per share. On Monday, shares of Rite Aid Corporation (NYSE:RAD) dropped -0.84% to close the day at $7.08. Company return on investment (ROI) is 18.10% and its monthly performance is recorded as -8.76%. Rite Aid Corporation (NYSE:RAD) quarterly revenue growth is 8.59%.

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