Momentum Stocks: YY Inc. (NASDAQ:YY), Neonode (NASDAQ:NEON), Oaktree Capital (NYSE:OAK), Summit Financial Group Inc. (NASDAQ:SMMF), Fortress Investment (NYSE:FIG)

Technology Stocks News 2

Pacific Crest reaffirmed their outperform rating on shares of YY Inc (NYSE:YY) in a report issued on Thursday. They currently have a $110.00 target price on the stock, up from their previous target price of $93.00. YY Inc. (NASDAQ:YY) belongs to Technology sector. Its net profit margin is 27.40% and weekly performance is -0.43%. On last trading day company shares ended up $88.64. YY Inc. (NASDAQ:YY) distance from 50-day simple moving average (SMA50) is 16.97%.

Neonode (NASDAQ:NEON) Director Mats Dahlin purchased 40,000 shares of Neonode stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average price of $3.08 per share, for a total transaction of $123,200.00. Following the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $277,200. Neonode, Inc. (NASDAQ:NEON) shares advanced 8.47% in last trading session and ended the day at $3.20. NEON Gross Margin is 60.00% and its return on assets is -116.60%. Neonode, Inc. (NASDAQ:NEON) quarterly performance is -18.16%.

Bank of America upgraded shares of Oaktree Capital Group (NYSE:OAK) to a buy rating in a research report released on Tuesday morning. On 18 August, Oaktree Capital Group, LLC (NYSE:OAK) shares fell -1.06% and was closed at $49.47. OAK EPS growth in last 5 year was 25.80%. Oaktree Capital Group, LLC (NYSE:OAK) year to date (YTD) performance is -11.83%.

On July 30,2014 Summit Financial Group, Inc. (Nasdaq:SMMF) today reported second quarter 2014 net income applicable to common shares of $2.24 million, or $0.25 per diluted share, compared to $1.02 million, or $0.13 per diluted share, for the second quarter of 2013, representing an increase of 118.9 percent, or 92.3 percent per diluted share.  Summit Financial Group Inc. (NASDAQ:SMMF) ended the last trading day at $10.14. Company weekly volatility is calculated as 0.97%and price to cash ratio as 3.58. Summit Financial Group Inc. (NASDAQ:SMMF) showed a weekly performance of 1.38%.

Fortress Investment Group (NYSE:FIG) was downgraded byZacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday.  Fortress Investment Group LLC (NYSE:FIG) shares fell -2.22% in last trading session and ended the day on $7.48. FIG return on assets is 7.80%. Fortress Investment Group LLC (NYSE:FIG) quarterly performance is 10.98%.

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