Unusual Volume Buzz: First Trust NASDAQ Clean Edge US (NASDAQ:QCLN), Mercadolibre (NASDAQ:MELI), ARM Holdings (NASDAQ:ARMH), FireEye (NASDAQ:FEYE), Hercules Offshore (NASDAQ:HERO)

Technology Stocks News 15

First Trust NASDAQ Clean Edge US (ETF) (NASDAQ:QCLN) lost over 4% over the trailing one-month period but has a Zacks ETF Rank of 2 or ‘Buy’ rating with a ‘High’ risk outlook. While the sluggish trend that stemmed from the broad sell-off could continue in the near term, the long-term outlook seems bright. This is especially true as global warming and high fuel emission issues are leading to rising popularity of clean energy sources. First Trust NASDAQ Clean Edge US (ETF) (NASDAQ:QCLN) stock performance was 1.88% in last session and finished the day at $17.84. Traded volume was 1.35million shares in the last session and the average volume of the stock remained 171.92K shares. The beta of the stock remained 1.63.

Mercadolibre Inc (NASDAQ:MELI)’s stock had its “underweight” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Monday. They currently have a $64.00 target price on the stock. Morgan Stanley’s price objective points to a potential downside of 20.53% from the stock’s previous close. Mercadolibre Inc (NASDAQ:MELI) rose 0.47 percent to $80.91 Wednesday on volume of 2.12million shares. The intra-day range of the stock was $79.52 to $83.09. Mercadolibre Inc (NASDAQ:MELI) has a market capitalization of $3.57billion.

ARM Holdings plc (ADR) (NASDAQ:ARMH) had its neutral rating reissued by analysts at JPMorgan Chase & Co. ARM Holdings plc (ADR) (NASDAQ:ARMH)’s stock on May 21, 2014 reported a increase of 3.55% to the closing price of $44.35. Its fifty two weeks range is $34.75 -$55.26. The total market capitalization recorded $20.70billion. The overall volume in the last trading session was 5.82million shares. In its share capital, ARMH has 467.29million outstanding shares.

FireEye Inc (NASDAQ:FEYE) has reported in a recent press release that it has conducted a study, which reveals that they could not protect 97% of organizations that had been using Cyber Security products. The company conducted the study in collaboration with Mandiant. The company has even released an entire report from the study, which exposes the truth about the advanced cyber attacks that take place in the modern world. On Wednesday, shares of FireEye Inc (NASDAQ:FEYE) advanced 2.64% to close the day at $31.12. Company return on investment (ROI) is -10.80% and its monthly performance is recorded as -38.46%. FireEye Inc (NASDAQ:FEYE) quarterly revenue growth is -57.33%.

Singapore’s Sembcorp Marine says that its subsidiary Jurong Shipyard has secured a US$236 million (about S$296 million) contract to build a high specification, tailor-made jack-up rig for new customer Hercules North Sea Ltd. Mr. John T. Rynd, Chief Executive Officer and President of Hercules Offshore, Inc. (NASDAQ:HERO), said: “We are pleased to partner with Jurong Shipyard as we believe in Jurong Shipyard’s strong track record in delivering quality rigs customised for our clients. We look forward to our new friendship with Jurong Shipyard and a robust future partnership.” Hercules Offshore, Inc. (NASDAQ:HERO) stock performance was 2.75% in last session and finished the day at $4.48. Traded volume was 10.80million shares in the last session and the average volume of the stock remained 4.19million shares. The beta of the stock remained 2.68. Hercules Offshore, Inc. (NASDAQ:HERO) insider ownership is 2.60%.

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