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Vringo, Inc. (NYSE:VRNG) shares decreased 6.89% to $3.38. The company recently announced that Ashley Keller has joined the company's board of directors. Mr. Keller is a special situations analyst at Alyeska Investment Group, a multi-strategy hedge fund based in Chicago. In that position, he focuses on investments in companies involved in complex and high-stakes commercial litigation and regulatory matters. Additionally, the company, prior last week, provided a summary of three motions filed with the Court last night in its wholly-owned subsidiary I/P Engine, Inc.'s litigation against AOL, Inc., Google, Inc., IAC Search & Media, Inc., Gannett Company, Inc., and Target Corporation.
How Should Investors Trade VRNG After The Recent Volatile Moves? Find Out Here
Nokia Corporation (ADR) (NYSE:NOK) shares fell 4.38% to $4.03. The company has received a rare stock price boost, after Wunderlich Securities based in Memphis Tennessee raised their price target from EUR 2.50 to EUR 3.20 per share. The Finnish-based mobile phone maker’s stock price declined for the majority of last year, but has started showing signs of recovery.
Is NOK Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Perion Network Ltd (NASDAQ:PERI) stock gained 21.90% to $11.52 after the company announced revenue estimates for 2012 and its guidance for 2013. Revenues in the fourth quarter of 2012 are expected to reach a record $21 million, more than double the fourth quarter of 2011. This will bring total non-GAAP revenues for 2012 to $61 million, increasing 64%, from $37 million in 2011. The $61 million exceeded the updated guidance of $55 million and includes one month of results from the acquisition of SweetPacks. Perion intends to report final 2012 financial results at the beginning of March.
Can PERI Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Venaxis Inc (NASDAQ:APPY) stock fell 6.99% to $2.53 after the company announced it has fulfilled the requirements for CE Marking in Europe for APPY1, the Company’s blood-based appendicitis test. Initial commercialization in Europe is planned to commence in the first quarter 2013 in key territories, including the UK, Italy, France, Germany and Benelux countries. The Company expects to announce agreements with top EU distributors beginning in the first quarter 2013. Additionally, Aegis Capital Corp. initiated coverage on Venaxis with a Buy rating and $6.00 price target.
Is APPY Ready To Move Back To New Highs This Year? Find Out Here
Fusion-IO, Inc. (NYSE:FIO) shares dropped 8.25% to $19.45 after William Blair cut shares of Fusion-Io from an outperform rating to a market perform rating in a research report sent to investors today. Additionally, Zacks upgraded shares of Fusion-Io from a neutral rating to an outperform rating in a research report sent to investors on Dec. 27. The firm currently has $26.30 price target on the stock.
How Should Investors Trade FIO After The Recent Volatile Moves? Find Out Here
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