Notable Moves: Kite Pharma, Inc. (NASDAQ:KITE), Target Corp. (NYSE:TGT), Washington Federal Inc. (NASDAQ:WAFD), Cree, Inc. (NASDAQ:CREE), J C Penney Company Inc (NYSE:JCP)

Technology Stocks News 3

Kite Pharma, Inc. (NASDAQ:KITE) announced presentations on the Company’s rapid, six-day manufacturing process for the production of Kite’s lead product candidate, KTE-C19. Kite Pharma, Inc. (NASDAQ:KITE) belongs to Healthcare sector. Its weekly performance is -9.95%. On last trading day company shares ended up $74.16. Kite Pharma, Inc. (NASDAQ:KITE) distance from 50-day simple moving average (SMA50) is 38.61%.

In a surprise move, Target Corp. (NYSE:TGT) has announced that it is pulling out of the Canadian marketplace, closing 133 stores and eliminating 17,000 jobs, according to a press release. The move was due to financial exigencies. Target Corp. (NYSE:TGT) shares decreased -1.69% in last trading session and ended the day at $73.67. TGT Gross Margin is 28.80% and its return on assets is 3.40%. Target Corp. (NYSE:TGT) quarterly performance is 25.67%.

Washington Federal (NASDAQ:WAFD)‘s stock had its “hold” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They currently have a $23.00 price objective on the stock, down from their previous price objective of $23.50. JPMorgan Chase & Co.’s target price points to a potential upside of 15.58% from the company’s current price. On 20 January, Washington Federal Inc. (NASDAQ:WAFD) shares decreased -0.40% and was closed at $20.01. WAFD EPS growth in last 5 year was 27.50%. Washington Federal Inc. (NASDAQ:WAFD) year to date (YTD) performance is -9.66%.

Shares of Cree, Inc. (NASDAQ:CREE) surged six percent in extended trading on Tuesday after the semiconductor company reported results for the second quarter that topped analysts’ expectations. Durham, North Carolina-based manufacturer of LED diodes, LED lighting, and semiconductor solutions for wireless and power applications reported net income of $12.15 million or $0.10 per share for the second quarter, lower than $35.68 million or $0.29 per share in the prior-year quarter. Cree, Inc. (NASDAQ:CREE) belongs to Technology sector. Its net profit margin is 6.20% and weekly performance is 1.47%. On last trading day company shares ended up $32.34. Cree, Inc. (NASDAQ:CREE) distance from 50-day simple moving average (SMA50) is -1.30%.

Department-store operator J C Penney Company Inc (NYSE:JCP) is bringing back a print catalog five years after ditching it to focus on the web, the Wall Street Journal reported. The retailer stopped mailing its ‘Big Book’ catalog in 2009 and phased out its distribution of 70 smaller catalogs a year later, the Journal said. J C Penney Company Inc (NYSE:JCP) shares decreased -2.69% in last trading session and ended the day at $7.24. JCP Gross Margin is 33.10% and its return on assets is -6.00%. J C Penney Company Inc (NYSE:JCP) quarterly performance is -0.14%.

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