Tech Stocks Bearish Zone: Cheetah Mobile (NYSE:CMCM), Giga-tronics (NASDAQ:GIGA), Nokia Corporation (NYSE:NOK), Plug Power (NASDAQ:PLUG), Rediff.com (NASDAQ:REDF)

Technology Stocks News 14

Cheetah Mobile Inc (ADR) (NYSE:CMCM), a renowned mobile –internet company than shares its expertise and exquisite services to over 360 million active users across the world, announced on June 16, that its flagship security applications – CM Security and Clean Master, were duly awarded one of the top-drawn spots after the latest AV-Test’s assessments pertaining to security of Android devices. Cheetah Mobile Inc (ADR) (NYSE:CMCM) stock performance was -5.91% in last session and finished the day at $23.08. Traded volume was 698,786.00million shares in the last session and the average volume of the stock remained 771.10K shares.

Giga-tronics, Incorporated (NASDAQ:GIGA) on June 17 announced that it has received an order from the Naval Air Warfare Center in Pawtuxet River, MD valued at approx. $2.4 million associated with its Model 8003 Precision Scalar Analyzer. The Company anticipates shipping the equipment to the Navy over the next six months. Giga-tronics, Incorporated (NASDAQ:GIGA) dropped -6.12 percent to $3.22 Thursday on volume of 857,281.00million shares. The intra-day range of the stock was $3.12 to $3.67. Giga-tronics, Incorporated (NASDAQ:GIGA) has a market capitalization of $16.68million.

Nokia Corporation (ADR) (NYSE:NOK) has just released their first ever Android launcher called Z launcher. The launcher is currently in alpha stages and is available for beta testing for a limited time only. If you like to get your hands on it then you can do so by punching in this URL in your phone’s browser and downloading the app (go.zlauncher.com). Nokia Corporation (ADR) (NYSE:NOK)’s stock on June 19, 2014 reported a decrease of -2.04% to the closing price of $7.81. Its fifty two weeks range is $3.70 -$8.35. The total market capitalization recorded $29.00billion. The overall volume in the last trading session was 21.88million shares. In its share capital, NOK has 3.75billion outstanding shares.

Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean, reliable energy solutions has assured the date of its 2014 annual shareholder meeting. Shares were down to knees -5% after the news. On Thursday, shares of Plug Power Inc (NASDAQ:PLUG) dropped -6.93% to close the day at $4.70. Company return on investment (ROI) is 172.30% and its monthly performance is recorded as 6.82%.  Plug Power Inc (NASDAQ:PLUG) quarterly revenue growth is -21.27%.

Rediff.com India Limited (ADR) (NASDAQ:REDF) dipped -4.97%, the stock was up a day before following the European Central Bank’s announcement of a stimulus plan intended to spur bank lending. U.S. markets opened higher after the jobs report showed signs of a strengthening economy. Rediff.com India Limited (ADR) (NASDAQ:REDF) stock performance was -6.61% in last session and finished the day at $3.25. Traded volume was 562,775.00million shares in the last session and the average volume of the stock remained 423.33K shares. The beta of the stock remained 4.27. Rediff.com India Limited (ADR) (NASDAQ:REDF) insider ownership is 13.74%.

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