New Lows: Potbelly Corp (NASDAQ:PBPB), Silicon Image (NASDAQ:SIMG), Portugal Telecom (NYSE:PT), Container Store Group (NYSE:TCS)

Technology Stocks News 6

Potbelly Corp. (NASDAQ:PBPB), the purveyor of hot sandwiches that went public nine months ago, dropped in late trading after its annual profit forecast and quarterly sales trailed analysts’ estimates. Potbelly Corp (NASDAQ:PBPB) stock performance was -2.92% in last session and finished the day at $14.65. Traded volume was 1.28million shares in the last session and the average volume of the stock remained 463.16K shares. Potbelly Corp (NASDAQ:PBPB) insider ownership is 4.60%.

Silicon Image Inc. (NASDAQ:SIMG) cut its revenue outlook for the second quarter amid lower-than-expected shipments to a significant customer and a delay of certain expected royalty revenue. Shares fell 10% to $4.49 in recent premarket trading. Silicon Image, Inc. (NASDAQ:SIMG) dropped -0.20 percent to $4.98 Wednesday on volume of 2.45million shares. The intra-day range of the stock was $4.52 to $5.05. Silicon Image, Inc. (NASDAQ:SIMG) has a market capitalization of $390.12million.

Portuguese equities sold off, and the country’s bond yields spiked, amid fresh concerns about the financial health of Banco Espirito Santo, whose parent company (Grupo Espirito Santo) happens to be a major Portugal Telecom, SGPS (ADR) (NYSE:PT) shareholder. Meanwhile, Brazilian state development bank BNDES has sharply criticized PT’s purchase of $1.23B in debt issued by a Grupo Espirito Santo subsidiary, asserting the deal doesn’t meet “minimum standards of good corporate governance.”The bond purchase has already led to board resignations, as well as scrutiny from Brazilian securities and telecom regulators. The backlash has sparked fears PT’s planned merger with Oi (OIBR) could be derailed. Portugal Telecom, SGPS (ADR) (NYSE:PT)’s stock on July 09, 2014 reported a decrease of -6.06% to the closing price of $2.79. Its fifty two weeks range is $2.75 -$5.09. The total market capitalization recorded $2.39billion. The overall volume in the last trading session was 3.28million shares. In its share capital, PT has 876.28million outstanding shares.

When the Container Store Group Inc. (NYSE:TCS) went public in November last year, the stock price doubled in the first half-hour of trading. Shares peaked at more than $47 U.S. a share in late December, and the stock has been on a downward trajectory ever since. It posted a new post-IPO low Wednesday morning following a dismal earnings report. On Wednesday, shares of Container Store Group Inc (NYSE:TCS) dropped -8.39% to close the day at $24.80. Company return on investment (ROI) is 5.40% and its monthly performance is recorded as -9.82%. Container Store Group Inc (NYSE:TCS) quarterly revenue growth is -25.32%.

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