Why Making Dramatic Moves : Morgan Stanley (NYSE:MS), SunEdison (NYSE:SUNE), IRIDEX Corporation (NASDAQ:IRIX), Michael Kors Holdings (NYSE:KORS), MedAssets, Inc. (NASDAQ:MDAS)

Technology Stocks News 13

On Monday, Morgan Stanley (NYSE:MS) one of Wall Street’s biggest bulls on the electric-car maker–echoed Mr. Musk’s cautious take.“We believe the shares are worth $320, but perhaps not so quickly and not for some of the reasons we believe are driving the market,” Morgan Stanley analyst Adam Jonas wrote in a note to clients. He added that he doesn’t foresee the stock appreciating “so consistently and one-directionally from here.”Morgan Stanley (NYSE:MS)’s stock on 15 September traded at beginning with a price of $34.97 and when day-trade ended the stock finally increased 0.57% to end at $35.21. Morgan Stanley (NYSE:MS)’s showed weekly performance of 1.00%.

Google Inc (GOOG) joined hands with Sunedison Inc ( NYSE:SUNE) in an agreement to provide $145 million in equity financing to build the Regulus Solar Plant in Kern County, California. SunEdison, Inc. (NYSE:SUNE) on Monday closed at $20.15. Stock institutional ownership is 82.00% while insider ownership includes 0.50%. SunEdison, Inc. (NYSE:SUNE) distance from 50-day simple moving average (SMA50) is -7.35%.

IRIDEX Corporation (NASDAQ:IRIX) Director Catalyst Fund Ix L.P Blueline acquired 8,432 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were purchased at an average price of $7.99 per share, with a total value of $67,371.68. IRIDEX Corporation (NASDAQ:IRIX)’s shares on Monday traded in the range of 8.10 – 8.27and ended up on $8.27. IRIDEX Corporation (NASDAQ:IRIX) distance from 200-day simple moving average (SMA200) is -5.08%. IRIX’s sales growth for past 5 years was -4.60% and its EPS growth for past 5 years was 17.70%.

Michael Kors Holdings (NASDAQ:KORS) has earned an average recommendation of “Buy” from the twenty-nine analysts that are currently covering the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $104.00.Michael Kors Holdings Limited (NYSE:KORS)’s stock on 15 September decreased -0.27% to the closing price of $76.61. Its fifty two weeks range is $70.59 – 101.04. The total market capitalization recorded $15.654B. Michael Kors Holdings Limited (NYSE:KORS) monthly performance is -2.26%.

Healthcare performance improvement solutions provider MedAssets, Inc. (NASDAQ:MDAS) renewed and extended its relationship with privately held company LHP Hospital Group, Inc. to provide its cost management and clinical alignment solutions to the latter. However, shares of MedAssets slipped 0.4% following the announcement. MedAssets, Inc. (NASDAQ:MDAS) on Monday closed at $21.23. Stock institutional ownership is 98.20% while insider ownership includes 0.40%. MedAssets, Inc. (NASDAQ:MDAS) distance from 50-day simple moving average (SMA50) is -6.17%.

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