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Los Angelas, CA -- (SBWIRE) -- 10/22/2012 -- Marvell Technolog (NasdaqNM:MRVL) is -1.2636 - -14.31% from the previous close of $8.83. It traded between $7.52 - 7.96 with total traded volume of 54487588 shares. At Current Market Price, MRVL is in distance of -20.58% from its 50-day Moving Average price of $9.5271 and -35.37% from its 200-day Moving Average price of $11.708. MRVL also suffered a collapse on Friday, giving back more than 14% and pegging a new low of $7.52 in the process. The firm lowered its third-quarter revenue estimates and also announced the resignation of its CFO. Meanwhile, despite a number of downgrades on the heels of this news, there is still a fair amount of complacency on Wall Street. Heading into the session, 10 of 25 analysts following the stock named it a "strong buy," with two "buy" ratings, 13 "holds," and not a single "sell" suggestion. Elsewhere, over the last 10 days, option traders have bought to open nearly eight calls for every put on the ISE/CBOE/PHLX.
Can MRVL Bounce Back From Here : FIND OUT HERE
iShares Russell 2 (PCX:IWM) is -1.69 - -2.02% from the previous close of $83.54. It traded between $81.47 - 82.88 with total traded volume of 53568072 shares. At Current Market Price, IWMis in distance of -2.33% from its 50-day Moving Average price of $83.806 and +2.19% from its 200-day Moving Average price of $80.0966. iShares Russell 2000 Index (ETF)(NYSEARCA: IWM) went down 0.68% and closed at $83.45.So far this year, the stock is up over 13%. The 52-week range for the stock is $66.62 and $86.96.The Company seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index.
Can IWM Extend Gain? Find Out Here
Nokia Corporation (NYSE:NOK) is -0.06 - -2.14% from the previous close of $2.80. It traded between $2.70 - 2.85 with total traded volume of 44543164 shares. At Current Market Price, NOKis in distance of +0.64% from its 50-day Moving Average price of $2.7226 and -3.07% from its 200-day Moving Average price of $2.8268. Zacks reiterated their neutral rating on shares of Nokia (NYSE: NOK) in a research report sent to investors on Friday morning. The firm currently has a $3.00 price target on the stock. Zacks’ analyst wrote, “We reaffirm our long-term Neutral recommendation on Nokia as its third-quarter 2012 financial results managed to beat the Zacks Consensus Estimates. Nevertheless, Nokia remains in dire straits as its success hinges on the market acceptability of its upcoming Lumia smartphones based on Windows Phone 8 software. The company has lost its global market leadership position in the mobile phone (both smartphone and feature phone) industry to Samsung.
Is NOK Price will Going Higher : Click Here For Free Alerts
Shares of Pfizer, Inc. Comm (NYSE:PFE) are trading at $25.76 and is +3.95% from its 50-day Moving Average price of $24.7814 and +10.35% from its 200-day Moving Average price of $23.3448. The average trading volume is 29805200 shares and its market capitalization is $192.4B. Pfizer (NYSE:PFE): Pfizer is one of the ten largest pharmaceutical companies in the world with a current market cap of $188 billion and $67.4 billion in sales during 2011. However, with the patent expiration of Lipitor in November 2011, their best-selling drug with $9.6 billion sales (or 14% of total sales), as well as several products that will lose exclusivity within a year, PFE will face a significant decline in revenue in 2012. The question an investor would like to know is, “How much will the declining drug sales impact Pfizer’s revenues and earnings going forward?”
Should Investor Book Profit and Exit From PFE : CHECK HERE
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