Stocks in News : Red Hat, Inc. (NYSE:RHT), Verizon Communications Inc. (NYSE:VZ), Taubman Centers, Inc. (NYSE:TCO), Wal-Mart Stores Inc. (NYSE:WMT), Macy’s, Inc. (NYSE:M),

Technology Stocks News 3

On Sep 24, Red Hat, Inc. (NYSE: RHT), announced significant momentum for OpenShift Online, its award-winning commercial Platform-as-a-Service (PaaS). Since its launch in November 2011, more than two million applications have been launched on Red Hat’s public PaaS, and from August 2013 – August 2014, OpenShift Online experienced 105 percent year-over-year application growth, and 103 percent year-over-year user growth. In support of its global customer base, Red Hat today launched a new hosting offering in Ireland for OpenShift Online, enabling users to run their applications with the same functionality from either Red Hat’s U.S. or European hosting locations. Red Hat, Inc. (NYSE:RHT) belongs to Technology sector. Its net profit margin is 11.00% and weekly performance is -4.30%. On last trading day company shares ended up $55.44. Red Hat, Inc. (NYSE:RHT) distance from 50-day simple moving average (SMA50) is -6.26%.

Verizon Communications (NYSE:VZ) EVP Randal S. Milch sold 2,791 shares of Verizon Communications stock on the open market in a transaction dated Monday, September 22nd. The stock was sold at an average price of $50.10, for a total value of $139,829.10. Following the transaction, the executive vice president now directly owns 6,284 shares of the company’s stock, valued at approximately $314,828. Verizon Communications Inc. (NYSE:VZ) shares increased 0.32% in last trading session and ended the day at $49.77. VZ Gross Margin is 62.60% and its return on assets is 6.20%. Verizon Communications Inc. (NYSE:VZ) quarterly performance is 2.01%.

Citigroup Inc. reiterated their neutral rating on shares of Taubman Centers (NYSE:TCO) in a research report sent to investors on Monday morning. The firm currently has a $79.00 price target on the stock, up from their previous price target of $74.00. On 26 September, Taubman Centers, Inc. (NYSE:TCO) shares increased 1.38% and was closed at $73.27. TCO EPS growth in last 5 year was 24.90%. Taubman Centers, Inc. (NYSE:TCO) year to date (YTD) performance is 17.21%.

On Sep 23, Saying it hopes to poach customers from mainstream banks, Wal-Mart Stores Inc. (NYSE:WMT) has rolled out a mobile checking account with a linked debit card — a program that it promised would remain low-cost by eliminating fees charged for overdrafts or failing to maintain a minimum balance. Wal-Mart Stores Inc. (NYSE:WMT) belongs to Services sector. Its net profit margin is 3.30% and weekly performance is -0.46%. On last trading day company shares ended up $76.49. Wal-Mart Stores Inc. (NYSE:WMT) distance from 50-day simple moving average (SMA50) is 1.23%.

On Sep 15, Macy’s, Inc. (NYSE:M) outlined its latest advancements in omnichannel strategy and technology as the company continues to add new dimensions for attracting shoppers and serving the needs of individual customers. Macy’s, Inc. (NYSE:M) shares advanced 1.46% in last trading session and ended the day at $59.67. M Gross Margin is 40.10% and its return on assets is 7.00%. Macy’s, Inc. (NYSE:M) quarterly performance is 2.24%.

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