Top Wall Street Stories : Valero Energy Corporation (NYSE:VLO), Phoenix New Media Limited (NYSE:FENG), Flotek Industries Inc. (NYSE:FTK), Owens Corning (NYSE:OC), Codorus Valley Bancorp Inc. (NASDAQ:CVLY),

Technology Stocks News 15

JPMorgan Chase & Co. initiated coverage on shares of Valero Energy (NYSE:VLO) in a research report released on Tuesday morning, TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $59.00 target price on the stock. Valero Energy Corporation (NYSE:VLO) belongs to Basic Materials sector. Its net profit margin is 2.20% and weekly performance is -1.04%. On last trading day company shares ended up $46.77. Valero Energy Corporation (NYSE:VLO) distance from 50-day simple moving average (SMA50) is -7.81%.

On Sept. 10, Phoenix New Media Limited (NYSE:FENG) announced that it has entered into a definitive share purchase agreement with Particle Inc. (“Particle”) and its subsidiaries, to acquire an 8.75% stake in Particle for an aggregate purchase price of US$6 million. Subject to the satisfaction or waiver of the closing conditions stipulated in the share purchase agreement, this investment is expected to close in the fourth quarter of 2014. Particle owns the mobile application Yidian Zixun (“Yidian”) a leading personalized news feed application in China that currently serves more than 1 million daily active users. Phoenix New Media Limited (NYSE:FENG) shares decreased -0.84% in last trading session and ended the day at $9.41. FENG Gross Margin is 51.50% and its return on assets is 15.10%. Phoenix New Media Limited (NYSE:FENG) quarterly performance is -12.14%.

Flotek Industries (NYSE:FTK) Director Kenneth Hern unloaded 3,000 shares of Flotek Industries stock on the open market in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $26.32, for a total transaction of $78,960.00. Following the sale, the director now directly owns 45,292 shares of the company’s stock, valued at approximately $1,192,085. On 29 September, Flotek Industries Inc. (NYSE:FTK) shares decreased -0.33% and was closed at $26.80. FTK EPS growth in last 5 year was 18.90%. Flotek Industries Inc. (NYSE:FTK) year to date (YTD) performance is 33.53%.

Toledo’s Owens Corning (NYSE:OC) on Sep 20, declared a third-quarter cash dividend of 16 cents per share, payable Nov. 4 to shareholders of record as of Oct. 20. Owens Corning (NYSE:OC) ended the last trading day at $32.68. Company weekly volatility is calculated as 2.00% and price to cash ratio as 47.44. Owens Corning (NYSE:OC) showed a weekly performance of -1.06%.

Codorus Valley Bancorp (NASDAQ:CVLY) Director Macgregor S. Jones sold 6,616 shares of Codorus Valley Bancorp stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $21.25, for a total transaction of $140,590.00. Following the transaction, the director now directly owns 27,250 shares of the company’s stock, valued at approximately $579,063. Codorus Valley Bancorp Inc. (NASDAQ:CVLY) shares decreased -0.64% in last trading session and ended the day at $20.21. CVLY return on assets is 0.90%. Codorus Valley Bancorp Inc. (NASDAQ:CVLY) quarterly performance is -4.35%.

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