NASDAQ Bearish Stocks: CytRx Corporation (NASDAQ:CYTR), Alaska Communications Systems (NASDAQ:ALSK), VimpelCom (NASDAQ:VIP), Ambarella Inc (NASDAQ:AMBA)

Technology Stocks News 14

CytRx Corporation (NASDAQ:CYTR) on Mar. 5 reported financial results for the 12 months ended December 31, 2013, and also provided an overview of recent accomplishments and upcoming milestones for its clinical development programs. CytRx Corporation (NASDAQ:CYTR) stock performance was -6.17% in last session and finished the day at $5.32. Traded volume was 3,186,360 million shares in the last session and the average volume of the stock remained 4.41 million shares. The beta of the stock remained 1.49. CytRx Corporation (NASDAQ:CYTR) insider ownership is 11.30%.

Alaska Communications Systems Group, (NASDAQ:ALSK)’s share price fell 16.5% during trading on Friday after the company announced weaker than expected quarterly earnings, American Banking and Market News reports. Alaska Communications Systems Group Inc (NASDAQ:ALSK) dropped -16.47 percent to $2.13 yesterday on volume of 2.95 million shares. The intra-day range of the stock was $2.09 to $2.31. Alaska Communications Systems Group Inc (NASDAQ:ALSK) has a market capitalization of $ 103.47million.

VimpelCom Ltd. (NYSE:VIP) slumping for the second session after Citi put a late afternoon downgrade on the company from Buy to Neutral yesterday. The company reported quarterly and annual results on Thursday morning. In part, the company posted GAAP loss of $2.7 billion, versus consensus estimates looking for a profit of $437 million. VimpelCom Ltd (ADR) (NASDAQ:VIP)’s stock on Mar 7, 2014 reported a decrease of -5.27% to the closing price of $8.99. Its fifty two weeks range is $8.94 -$14.74. The total market capitalization recorded $18.45 billion. The overall volume in the last trading session was 3,267,647 million shares. In its share capital, VimpelCom Ltd (ADR) (NASDAQ:VIP) has 1.70 million outstanding shares.

Equities research analysts at Stifel Nicolaus hoisted their target price on shares of Ambarella (NASDAQ:AMBA) from $34.00 to $35.00 in a research note issued to investors on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. On Friday, shares of Ambarella Inc (NASDAQ:AMBA) dropped -7.43% to close the day at $31.50. Company return on investment (ROI) is 16.00% and its monthly performance is recorded as 16.28%. Ambarella Inc (NASDAQ:AMBA) quarterly revenue growth is 31.14%.

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