Shining on Major News: Vale S.A. (NYSE:VALE), Bank of America Corporation (NYSE:BAC), CubeSmart (NYSE:CUBE), Lpath Inc. (NASDAQ:LPTN), Papa John’s International Inc. (NASDAQ:PZZA)

Technology Stocks News 15

Citigroup Inc. lowered shares of Vale SA (NASDAQ:VALE) from a neutral rating to a sell rating in a report released on Tuesday. Vale S.A. (NYSE:VALE) belongs to Basic Materials sector. Its net profit margin is -5.90% and weekly performance is -6.50%. On last trading day company shares ended up $8.92. Vale S.A. (NYSE:VALE) distance from 50-day simple moving average (SMA50) is -20.00%.

David Sobotka, Bank of America Corporation (NYSE:BAC)’s head of global fixed income, currencies and commodities trading, will retire by the end of the year, according to an internal memo sent to employees on Monday and people familiar with the matter. Bank of America Corporation (NYSE:BAC) shares fell -0.29% in last trading session and ended the day at $17.32. BAC return on assets is 0.20%. Bank of America Corporation (NYSE:BAC) quarterly performance is 13.95%.

On Oct 30, CubeSmart (NYSE:CUBE) reported a key measure of profitability in its third quarter. The results surpassed Wall Street expectations. The Malvern, Pennsylvania-based real estate investment trust said it had funds from operations of $42.8 million, or 28 cents per share, in the period. On 11 November, CubeSmart (NYSE:CUBE) shares fell -0.71% and was closed at $20.95. CUBE EPS growth in last 5 year was 15.60%. CubeSmart (NYSE:CUBE) year to date (YTD) performance is 34.38%.

On Nov. 4, Lpath Inc. (NASDAQ:LPTN) announced that Scott Pancoast has resigned as president, chief executive officer and a member of the board of directors, effective November 3. The board of directors has appointed biotechnology consultant Michael Lack as the company’s interim chief executive officer while the board conducts a search for a new CEO. Lpath Inc. (NASDAQ:LPTN) ended the last trading day at $2.78. Company weekly volatility is calculated as 1.97% and price to cash ratio as 3.74. Lpath Inc. (NASDAQ:LPTN) showed a weekly performance of -4.47%.

Papa John’s Int’l (NASDAQ:PZZA) COO Steve M. Ritchie sold 16,236 shares of the company’s stock on the open market in a transaction dated Friday, November 7th. The shares were sold at an average price of $50.35, for a total transaction of $817,482.60. Following the completion of the transaction, the chief operating officer now directly owns 24,028 shares of the company’s stock, valued at approximately $1,209,810. Papa John’s International Inc. (NASDAQ:PZZA) shares fell -0.60% in last trading session and ended the day at $50.11. PZZA Gross Margin is 34.50% and its return on assets is 14.50%. Papa John’s International Inc. (NASDAQ:PZZA) quarterly performance is 22.85%.

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