Services Sector Active Runners: eBay Inc (NASDAQ:EBAY), Pandora Media Inc (NYSE:P), The Wendy’s Co (NASDAQ:WEN), Time Warner Inc (NYSE:TWX)

FB Nasdaq FB Facebook

At the Imagine 2014 global ecommerce event today, eBay Inc (NASDAQ:EBAY) released the newest versions of Magento Enterprise Edition (version 1.14) and Community Edition (version 1.9). Both editions include a new Responsive Reference Design Theme, Bill Me Later as a payment option and PayPal Express Checkout improvements. Magento Enterprise Edition will also include faster search indexing. The upgrades make it easier and less expensive for retailers to provide seamless mobile experiences and provide new payment options for customers, improving conversion rates and sales. eBay Inc (NASDAQ:EBAY) stock performance was 0.49% in last session and finished the day at $51.58. Traded volume was 12,640,600 shares in the last session and the average volume of the stock remained 11.68 million shares. The beta of the stock remained 1.08. eBay Inc (NASDAQ:EBAY) insider ownership is 8.80%.

Pandora Media Inc (NYSE:P)‘s stock had its “neutral” rating restated by research analysts at Nomura in a report released on Wednesday, AR Network reports. They currently have a $29.00 price target on the stock, down from their previous price target of $32.00. Nomura’s price objective indicates a potential upside of 22.00% from the stock’s previous close. Analysts at MKM Partners upgraded shares of Pandora Media from a “neutral” rating to a “buy” rating in a research note on Monday. Pandora Media Inc (NYSE:P) dropped -0.88% to $23.77 yesterday on volume of 9,326,700 shares. The intra-day range of the stock was $23.68 – 24.68. Pandora Media Inc (NYSE:P) has a market capitalization of $4.88 million.

The Wendy’s Co (NYSE:WEN)‘s stock had its “sell” rating restated by equities researchers at UBS AG in a research report issued on Monday, Analyst Ratings Net reports. They currently have a $7.50 price target on the stock, down from their previous price target of $8.00. UBS AG’s price objective points to a potential downside of 9.53% from the company’s current price. The Wendy’s Co (NASDAQ:WEN)’s stock on May 13, 2014 reported an increase of 1.69% to the closing price of $8.43. Its fifty two weeks range is $5.57 – 10.27. The total market capitalization recorded $3.09 billion. The overall volume in the last trading session was 9,942,600 shares. In its share capital, The Wendy’s Co (NASDAQ:WEN) has 366.82 million outstanding shares.

Time Warner Inc (NYSE:TWX) announced on May 8, 2014, the timing and details regarding the spin-off of Time Inc. from the Company. The Company informed that its Board of Directors has approved the final distribution ratio and declared a pro rata dividend of the outstanding shares of Time Inc. common stock, resulting in the complete legal and structural separation of the two companies. The Company informed that on the distribution date, June 6, 2014, the Time Warner shareholders of record as of 5:00 p.m. on May 23, 2014, will receive one share of Time Inc. common stock for every eight shares of Time Warner common stock they hold on the record date. On Tuesday, shares of Time Warner Inc (NYSE:TWX) dropped -0.39% to close the day at $69.17. Company return on investment (ROI) is 9.70% and its monthly performance is recorded as 10.21%. Time Warner Inc (NYSE:TWX) quarterly revenue growth is 7.21%.

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