Tech Movers: Nokia Corporation (ADR) (NYSE:NOK), Tesla Motors Inc. (NASDAQ:TSLA), BlackBerry Ltd (NASDAQ:BBRY), Apple Inc. (NASDAQ:AAPL)



J.P. Morgan increased its target price on Tesla Motors Inc. (NASDAQ:TSLA) to $164, increased its estimates and set a “neutral” rating. The firm noted the Gigafactory should help cut battery costs. Tesla Motors Inc. (NASDAQ:TSLA) dropped -3.06% to $244.81 yesterday on volume of 24,825.00 shares. The intra-day range of the stock was $242.55 – $252.68. Tesla Motors Inc. (NASDAQ:TSLA) has a market capitalization of 30.06 billion.

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is planning to launch its recently unveiled low-cost smartphone, the Z3, in Indonesia first, which is definitely a promising market. BlackBerry Ltd (NASDAQ:BBRY)’s stock on February 28, 2014 reported a lower of -4.67% to the closing price of $10.00. Its fifty two weeks range is $5.44 – $16.82. The total market capitalization recorded 5.24 billion. The overall volume in the last trading session was 6,025.00 shares. In its share capital, BlackBerry Ltd (NASDAQ:BBRY) has 524.16 million outstanding shares.

Nokia Corporations (ADR) (NYSE:NOK) is reportedly preparing to place a bid for network gear maker Juniper Networks Inc. (NYSE:JNPR) as it plans to merge it, with its own division of Nokia Siemens.
Nokia Corporation (ADR) (NYSE:NOK) stock performance was -1.43% in last session and finished the day at $7.58. Traded volume was 76,100.00 shares in the last session and the average volume of the stock remained 23.17 million shares. The beta of the stock remained 1.84.

During Apple Inc. (NASDAQ:AAPL)’s Q1 2014 (the quarter ending December 2013), the company reported an additional $525 million in cash “payments made in connection with business acquisitions” in its quarterly 10Q filings. On Friday, shares of Apple Inc. (NASDAQ:AAPL) dropped -0.27% to close the day at $526.24. Company return on investment (ROI) is 25.50% and its monthly performance is recorded as 5.72%. Apple Inc. (NASDAQ:AAPL) quarterly revenue growth is -0.75%.

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