Momentum Stocks : J. C. Penney Company, Inc. (NYSE:JCP), GT Advanced Technologies Inc. (NASDAQ:GTAT), Nokia Corporation (ADR) (NYSE:NOK), Progressive Corp. (NYSE:PGR), TTHI

Technology Stocks News 6

J.C. Penney Co. Inc. (NYSE:JCP) has watched its stock drop since it released its $3.5 billion growth plans and lowered its third-quarter guidance. The day of the meeting, Oct. 8, the Plano-based retailer’s stock opened trading at $9.25 per share. After Penney (NYSE: JCP) announced plans that included updates to the core centers of its stores, its home department and a renewed focus on its multichannel efforts, its stock began to plummet. Shares traded at lows of $7.92 and closed the following day at $7.64 per share, a price the company hasn’t seen since April of this year. J. C. Penney Company, Inc. (NYSE:JCP) belongs to Services sector. Its net profit margin is -8.00% and weekly performance is -28.80%. On last trading day company shares ended up $7.12. J. C. Penney Company, Inc. (NYSE:JCP) distance from 50-day simple moving average (SMA50) is -29.32%.

United States (US)-based GT Advanced Technologies (NASDAQ:GTAT) “believes that it has many claims against Apple arising out of its business relationship”, lawyers for the firm said in paperwork filed in US Bankruptcy Court. GT Advanced Technologies Inc. (NASDAQ:GTAT) shares moved down -37.21% in last trading session and ended the day at $0.81. GTAT Gross Margin is -9.10% and its return on assets is -16.70%. GT Advanced Technologies Inc. (NASDAQ:GTAT) quarterly performance is -94.69%.

Finnish champion Nokia Corporation (ADR) (NYSE:NOK) was forced to exit the mobile phone handset market, selling the business off to Microsoft, although it remains a top player in providing equipment for networks. Nokia Corporation (ADR) (NYSE:NOK) belongs to Technology sector. Its net profit margin is 13.40% and weekly performance is -4.70%. On last trading day company shares ended up $7.90. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -3.82%.

The insurance company, Progressive Corp. (NYSE:PGR) said that its third-quarter net income jumped 27 percent as it sold more insurance policies. Progressive Corp. (NYSE:PGR) ended the last trading day at $25.00. Company weekly volatility is calculated as 1.65% and price to cash ratio as 117.26. Progressive Corp. (NYSE:PGR) showed a weekly performance of -2.53%.

Transition Therapeutics (NASDAQ:TTHI) announced its earnings results on Friday, 26 September 2014. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.11. Transition Therapeutics Inc. (NASDAQ:TTHI) shares moved down -1.39% in last trading session and ended the day at $6.39. TTHI return on assets is -39.00%. Transition Therapeutics Inc. (NASDAQ:TTHI) quarterly performance is -2.89%.

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