Top News: Eclipse Resources Corporation (NYSE:ECR), Catalyst Pharmaceutical Partners Inc. (NASDAQ:CPRX), General Motors Company (NYSE:GM), TransDigm Group Incorporated (NYSE:TDG), Meru Networks (NASDAQ:MERU)

Technology Stocks News 5

On Dec 29, Eclipse Resources Corporation (NYSE:ECR) announced that the Company has entered into an agreement to sell 62,500,000 shares of common stock for $440 million in a private placement transaction, which is expected to result in net proceeds to the Company of approximately $434 million (after deducting placement agent commissions and the Company’s estimated expenses). Eclipse Resources Corporation (NYSE:ECR) belongs to Basic Materials sector. Its weekly performance is -19.41%. On last trading day company shares ended up $5.73. Eclipse Resources Corporation (NYSE:ECR) distance from 50-day simple moving average (SMA50) is -40.70%.

Catalyst Pharmaceutical Partners (NASDAQ:CPRX) CEO Patrick J. Mcenany purchased 50,000 shares of the stock on the open market in a transaction dated Thursday, January 8th. The shares were purchased at an average price of $2.80 per share, with a total value of $140,000.00. Catalyst Pharmaceutical Partners Inc. (NASDAQ:CPRX) shares increased 8.76% in last trading session and ended the day at $2.98. CPRX return on assets is -38.50%. Catalyst Pharmaceutical Partners Inc. (NASDAQ:CPRX) quarterly performance is 15.06%.

General Motors (NYSE:GM) is giving its German Opel unit a new job -build Buick models to sell in the United States as part of a strategy to make good on Chief Executive Officer Mary Barra’s promise to make money in Europe by 2016. General Motors Company (NYSE:GM) belongs to Consumer Goods sector. Its net profit margin is 3.50% and weekly performance is 2.15%. On last trading day company shares ended up $35.59. General Motors Company (NYSE:GM) distance from 50-day simple moving average (SMA50) is 9.83%.

TransDigm Group (NYSE:TDG) has received a consensus rating of “Buy” from the sixteen brokerages that are covering the company, AnalystRatings.Net reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $199.31. TransDigm Group Incorporated (NYSE:TDG) ended the last trading day at $201.32. Company weekly volatility is calculated as 1.66% and price to cash ratio as 12.89. TransDigm Group Incorporated (NYSE:TDG) showed a weekly performance of 1.81%.

On Jan. 6, Meru Networks, Inc. (NASDAQ:MERU) announced preliminary results for the fourth quarter of 2014. Based on preliminary financial information, Meru anticipates fourth quarter revenues of approximately $21.0 million to $22.0 million, which is below the previously announced guidance range of $23.0 million to $27.0 million. Meru Networks, Inc. (NASDAQ:MERU) shares increased 3.90% in last trading session and ended the day at $3.20. MERU Gross Margin is 63.00% and its return on assets is -34.70%. Meru Networks, Inc. (NASDAQ:MERU) quarterly performance is -13.04%.

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