NASDAQ Bullish Stocks: JD.Com (NASDAQ:JD), DARA Biosciences Inc (NASDAQ:DARA), DragonWave (NASDAQ:DRWI), XG Technology Inc (NASDAQ:XGTI)

Technology Stocks News 14

Investment analysts at Oppenheimer began coverage on shares of JD.Com Inc (ADR) (NYSE:JD) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $35.00 price target on the stock. Oppenheimer’s target price indicates a potential upside of 32.23% from the stock’s previous close. JD.Com Inc (ADR) (NASDAQ:JD) stock performance was 5.08% in last session and finished the day at $27.70. Traded volume was 4.72million shares in the last session and the average volume of the stock remained 8.83million shares.

DARA Biosciences Inc (NASDAQ:DARA) on June 17 announced that its Board of Directors has appointed current President and Chief Operating Officer (COO) Christopher G. Clement to President and Chief Executive Officer (CEO), effective immediately. David J. Drutz, M.D., the Company’s current CEO and Chief Medical Officer (CMO), will transition to the Executive Chairman of the Board of Directors while continuing to serve as CMO. DARA Biosciences Inc (NASDAQ:DARA) rose 5.39 percent to $1.37 Thursday on volume of 5.06million shares. The intra-day range of the stock was $1.26 to $1.41. DARA Biosciences Inc (NASDAQ:DARA) has a market capitalization of $1.51million.

DragonWave Inc. Inc. (USA) (NASDAQ:DRWI), a maker of wireless data communications products, advanced in midday trading after saying revenue in its fiscal first quarter grew 61% and providing a rosy outlook. Shares climbed 5% to C$2.48, after reaching $2.71 earlier in the session.  DragonWave, Inc. (USA) (NASDAQ:DRWI)’s stock on July 10, 2014 reported a increase of 5.80% to the closing price of $2.37. Its fifty two weeks range is $1.08 -$3.58. The total market capitalization recorded $138.62million. The overall volume in the last trading session was 4.56million shares. In its share capital, DRWI has 61.59million outstanding shares.

XG Technology Inc. (NASDAQ:XGTI), the locally based developer of wireless communications and spectrum-sharing technologies, said it has been chosen as a subcontractor on an Army contract worth as much as $500 million. On Thursday, shares of XG Technology Inc (NASDAQ:XGTI) advanced 6.32% to close the day at $2.02. Company monthly performance is recorded as 14.12%. XG Technology Inc (NASDAQ:XGTI) quarterly revenue growth is -22.31%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone