Trader’s Alert: BlackBerry Ltd (NASDAQ:BBRY), J C Penney Company Inc (NYSE:JCP), Medtronic, Inc. (NYSE:MDT), Computer Task Group Inc. (NASDAQ:CTG), NRG Energy (NYSE:NRG)

Technology Stocks News 13

BlackBerry Ltd (NASDAQ:BBRY) plans to wade into the transportation industry with new technology that will help shippers keep tabs on their freight. The Waterloo, Ont.-based company unveiled the foundation of its Internet of Things platform on Wednesday at the Consumer Electronics Show in Las Vegas, marking the first step towards building a service BlackBerry believes will be a gateway to growth for its business. BlackBerry Ltd (NASDAQ:BBRY) belongs to Technology sector. Its net profit margin is -6.73% and weekly performance is -3.09%. On last trading day company shares ended up $10.67. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is 1.45%.

JCPenney will close its store at Eastland Mall on or about May 15, a company spokesman said Jan, 07. The store closing is part of the retailer’s continuing evaluation of store performance, said spokesman Joseph D. Thomas in an email. J C Penney Company Inc (NYSE:JCP) shares advanced 20.27% in last trading session and ended the day at $7.89. JCP Gross Margin is 33.10% and its return on assets is -6.00%. J C Penney Company Inc (NYSE:JCP) quarterly performance is -14.15%.

Medtronic Inc. (NYSE:MDT) announced that a majority of its shareholders approved the company’s proposed $43 billion acquisition of smaller rival Covidien plc (COV). Based on preliminary vote results, the proposal to adopt the transaction agreement and approve the merger was approved by shareholders owning approximately 95.66 percent of the shares voted at the meeting and approximately 75.18 percent of the outstanding Medtronic shares as of the record date. Medtronic, Inc. (NYSE:MDT) belongs to Healthcare sector. Its net profit margin is 16.80% and weekly performance is -0.10%. On last trading day company shares ended up $73.00. Medtronic, Inc. (NYSE:MDT) distance from 50-day simple moving average (SMA50) is 2.45%.

Computer Task Group Inc. (NASDAQ:CTG) announced that it has extended a stock repurchase plan under Rule 10b5-1 of the Securities and Exchange Commission (the “Company 10b5-1 Plan”) to facilitate the repurchase of its common stock. The Company had approximately 635,000 shares available for repurchase as of December 31, 2014 under its outstanding repurchase authorizations. Computer Task Group Inc. (NASDAQ:CTG) ended the last trading day at $8.88. Company weekly volatility is calculated as 5.40% and price to cash ratio as 5.82. Computer Task Group Inc. (NASDAQ:CTG) showed a weekly performance of -6.33%.

NRG Energy (NYSE:NRG) had its price objective trimmed by Barclays from $40.00 to $39.00 in a research report released on Monday morning. Barclays currently has an overweight rating on the stock. NRG Energy, Inc. (NYSE:NRG) shares advanced 0.46% in last trading session and ended the day at $26.23. NRG Gross Margin is 25.60% and its return on assets is -0.80%. NRG Energy, Inc. (NYSE:NRG) quarterly performance is -15.93%.

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