Why Need to Watch : Micron Technology (NASDAQ:MU), Companhia Siderurgica Nacional (NYSE:SID), DARA BioSciences, Inc (NASDAQ:DARA), Citigroup Inc. (NYSE:C), Exxon Mobil (NYSE:XOM)

Technology Stocks News 13

Azentus Capital Management is one of Hong Kong’s largest hedge funds. Managed by Morgan Sze, the fund had the best returns since inception in 2013. Last quarter, Mr. Sze placed his largest bet on Micron Technology Inc (NASDAQ:MU), which displaced Twenty-First Century Fox Inc (NASDAQ:FOX). The $34.71 billion market cap semiconductor manufacturer saw the fund boost its exposure by 52% over the quarter, to 1.08 million shares of Common Stock, worth more $35 million. Micron Technology, Inc. (NASDAQ:MU) belongs to Technology sector. Its net profit margin is 24.10% and weekly performance is 1.22%. On last trading day company shares ended up $32.48. Micron Technology, Inc. (NASDAQ:MU) distance from 50-day simple moving average (SMA50) is 0.71%.

Brazilian steelmaker Companhia Siderurgica Nacional (NYSE:SID) will have to pay BRL 4 billion to the country’s revenue service Receita Federal as a result of unpaid taxes. According to the nation’s fiscal council Carf, CSN did not pay taxes over the net profit the company had after selling a 40% stake of the mining company Namisa to Chinese and Korean investors in 2008. Under the original decision, CSN would have to pay BRL 6.3 billion but Carf revised that amount to USD 1.78 billion. Companhia Siderurgica Nacional (NYSE:SID) shares moved up 1.71% in last trading session and ended the day at $4.17. Companhia Siderurgica Nacional (NYSE:SID) quarterly performance is -0.95%.

DARA BioSciences, Inc. (NASDAQ:DARA), an oncology supportive care pharmaceutical company dedicated to providing health care professionals a synergistic portfolio of medicines to help cancer patients adhere to their therapy and manage side effects arising from their cancer treatment, on 11 September 2014 announced that it will be featured as a presenting company at the Aegis Capital Corporation Healthcare and Technology Conference. The conference was held September 10-13, 2014, at the Encore at Wynn Las Vegas Hotel in Las Vegas. On 18 September, DARA BioSciences, Inc (NASDAQ:DARA) shares decreased -1.77% and was closed at $1.11. DARA EPS growth in last 5 year was 43.40%. DARA BioSciences, Inc (NASDAQ:DARA) year to date (YTD) performance is -58.89%.

Citigroup Inc. (NYSE:C)argued before a U.S. appeals court on Thursday it faces “a serious and imminent hazard” if it cannot process another interest payment by Argentina on $8.4 billion in bonds the country issued under local laws following its 2002 default. Citigroup Inc. (NYSE:C) ended the last trading day at $53.66. Company weekly volatility is calculated as 1.55% and price to cash ratio as 0.27. Citigroup Inc. (NYSE:C) showed a weekly performance of 3.53%.

Exxon Mobil Corp. (NYSE:XOM) has a deal with Houston-based Linn Energy LLC (Nasdaq: LINE) for another huge land swap. Irving-based Exxon Mobil will receive 17,800 net acres in the Texas Permian Basin to be managed by its subsidiary, Fort Worth-based XTO Energy Inc. Linn, in turn, will get interest in about 500 net acres of Exxon Mobil’s South Belridge Field, which is near Bakersfield, California. Exxon Mobil Corporation (NYSE:XOM) belongs to Basic Materials sector. Its net profit margin is 8.10% and weekly performance is -0.21%. On last trading day company shares ended up $96.61. Exxon Mobil Corporation (NYSE:XOM) distance from 50-day simple moving average (SMA50) is -3.45%.

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