Stocks in News : YY Inc. (NASDAQ:YY), AK Steel Holding (NYSE:AKS), Cabot Corporation (NYSE:CBT), American Assets Trust (NYSE:AAT), iStar Financial Inc. (NYSE:STAR),

Technology Stocks News 2

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of YY Inc. (NASDAQ:YY) from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $88.80 price target on the stock. Analysts at Pacific Crest reiterated an “outperform” rating on shares of YY Inc in a research note on Thursday, August 7th. They now have a $110.00 price target on the stock, up previously from $93.00. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $86.30. YY Inc. (NASDAQ:YY) belongs to Technology sector. Its net profit margin is 27.40% and weekly performance is -10.55%. On last trading day company shares ended up $83.19. YY Inc. (NASDAQ:YY) distance from 50-day simple moving average (SMA50) is 0.98%.

AK Steel (NYSE: AKS) said that it has completed its acquisition of Severstal North America’s integrated steelmaking assets located in Dearborn, Michigan. The transaction also included a cokemaking facility and interests in three joint ventures that process flat-rolled steel products. AK Steel said that it paid $707 million in cash for the acquisition, which includes $314 million for working capital. The acquisition was financed with a combination of debt and equity securities offerings. The company will refer to its Dearborn, Michigan facility as “Dearborn Works.” AK Steel Holding Corporation (NYSE:AKS) shares increased 4.67% in last trading session and ended the day at $9.64. AKS Gross Margin is 7.00% and its return on assets is -2.70%. AK Steel Holding Corporation (NYSE:AKS) quarterly performance is 38.51%.

On Sep 12, 2014 Cabot Corporation (NYSE:CBT) announced that Matthias L.Wolfgruber has been elected a member of the Board of Directors, effective September 12, 2014. He was also appointed a member of the Compensation Committee and the Safety, Health and Environmental Affairs Committee of the Board of Directors. On 16 September, Cabot Corporation (NYSE:CBT) shares increased 2.07% and was closed at $55.35. CBT EPS growth in last 5 year was 12.40%. Cabot Corporation (NYSE:CBT) year to date (YTD) performance is 8.96%.

American Assets Trust (NYSE:AAT) major shareholder Ernest S. Rady bought 400,000 shares of the stock on the open market in a transaction dated Friday, September 12th. The stock was purchased at an average cost of $33.76 per share, for a total transaction of $13,504,000.00. Following the acquisition, the insider now directly owns 39,061 shares in the company, valued at approximately $1,318,699. American Assets Trust, Inc. (NYSE:AAT) ended the last trading day at $33.63. Company weekly volatility is calculated as 2.03% and price to cash ratio as 18.17. American Assets Trust, Inc. (NYSE:AAT) showed a weekly performance of -4.05%.

In trading on Monday, shares of iStar Financial Inc (NYSE:STAR) crossed below their last reported book value – defined as common shareholder equity per share – of $13.94, changing hands as low as $13.82 per share. iStar Financial Inc shares are currently trading off about 1.7% on the day.. iStar Financial Inc. (NYSE:STAR) shares increased 0.93% in last trading session and ended the day at $14.04. STAR Gross Margin is 60.20% and its return on assets is -2.30%. iStar Financial Inc. (NYSE:STAR) quarterly performance is -2.23%.

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