Top Losers: StemCells (NASDAQ:STEM), CytRx (NASDAQ:CYTR), Neonode (NASDAQ:NEON), Halcon Resources (NYSE:HK), Yamana Gold (NYSE:AUY)

Technology Stocks News 17

Research analysts at Maxim Group lifted their price target on shares of Stemcells Inc (NASDAQ:STEM) from $2.50 to $5.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective indicates a potential upside of 155.10% from the company’s current price. StemCells Inc (NASDAQ:STEM) stock performance was -6.12% in last session and finished the day at $1.84. Traded volume was 3.84million shares in the last session and the average volume of the stock remained 1.62million shares. The beta of the stock remained 1.47. StemCells Inc (NASDAQ:STEM) insider ownership is 5.90%.

CytRx Corporation (NASDAQ:CYTR) on May 28 announced updated results from its ongoing multicenter, randomized, open-label global Phase 2b clinical trial investigating the efficacy and safety of aldoxorubicin compared with doxorubicin as first-line therapy in subjects with metastatic, locally advanced or unresectable soft tissue sarcomas (STS). CytRx Corporation (NASDAQ:CYTR) dropped -6.88 percent to $4.33 Tuesday on volume of 4.01million shares. The intra-day range of the stock was $4.23 to $4.69. CytRx Corporation (NASDAQ:CYTR) has a market capitalization of $241.51million.

ON 24 June 2014, Neonode, Inc (NASDAQ:NEON) held a conference call to update investors on the status of the business and to comment on the recent rumors and speculations about Neonode Inc (NASDAQ:NEON) and the touchscreen market. Neonode, Inc (NASDAQ:NEON)’s stock on June 24, 2014 reported a decrease of -5.84% to the closing price of $2.90. Its fifty two weeks range is $2.44 -$8.84. The total market capitalization recorded $110.07million. The overall volume in the last trading session was 4.66million shares. In its share capital, NEON has 37.94million outstanding shares.

Halcon Resources Corp (NYSE:HK) had its price target increased by SunTrust from $7.00 to $9.00 in a research report sent to investors on Monday morning. On Tuesday, shares of Halcon Resources Corp (NYSE:HK) dropped -5.73% to close the day at $6.58. Company return on investment (ROI) is -24.50% and its monthly performance is recorded as 18.13%.  Halcon Resources Corp (NYSE:HK) quarterly revenue growth is 71.35%.

Agnico Eagle and Yamana Gold Inc. (USA) (NYSE:AUY) recently completed the acquisition of the issued and outstanding common shares of Osisko. Agnico Eagle and Yamana now each own 50% of the shares of Osisko. Yamana Gold Inc. (USA) (NYSE:AUY) stock performance was -5.55% in last session and finished the day at $8.17. Traded volume was 10.46million shares in the last session and the average volume of the stock remained 7.76million shares. The beta of the stock remained 0.50.

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