Kolkata, West Bengal -- (SBWIRE) -- 09/23/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on MannKind Corporation(NASDAQ:MNKD), NetApp Inc. (NASDAQ:NTAP), Netflix, Inc. (NASDAQ:NFLX).
MannKind Corporation(NASDAQ:MNKD) shares declined 0.34% to $5.93. BofA/Merrill downgraded MannKind to Underperform from Neutral on Sept. 6. The firm's physician survey indicates indicates an increased cautious stance following Afrezza Ph. III results for use in Type 2 diabetes patients on oral therapies. The firm lowered its peak share estimate to 2% of the oral market vs. 4% previously. Price target lowered to $5 from $8.
Should Investors Buy MNKD After Yesterday’s Jump? Find Out Here
NetApp Inc. (NASDAQ:NTAP) shares dropped 2.53% to $43.20. The company announced that Nick Noviello, chief financial officer, will present at the CLSA Corporate Access Day on Monday, September 23, 2013 at 2:00 p.m. Hong Kong Time.
Additionally, Jay Kidd, Senior Vice President and Chief Technology Officer, NetApp "Regardless of the ultimate computing destination, the CIO will maintain ownership of the organization's data. The introduction of new multicloud architectures makes data governance more complex because data is distributed, and not under direct control.
How Should Investors Trade NTAP After The Recent Volatility? Get Free Trend Analysis Here
Netflix, Inc. (NASDAQ:NFLX) shares increased 2.73% to $313.83. Analysts at Morgan Stanley and BTIG cut their ratings on the company on Sept. 12. Morgan Stanley's Scott Devitt cut his rating on Netflix to equal weight from overweight, and BTIG's Richard Greenfield lowered his take on the stock to neutral from buy, mostly due to valuation. Greenfield said Netflix is becoming a more-appealing option for consumers, but "the catalysts we were looking for now appear appropriately reflected in the current stock price."
Additionally, the company launched its video streaming service in The Netherlands on Wednesday, offering movies and TV shows from Hollywood and local producers as the U.S.-based company expands its reach into Europe. The service will cost 7.99 euros ($10.60) a month for on-demand content watchable on Internet-connected TVs and mobile devices, Netflix said on Sept. 11.
Should Investors Buy NFLX After Yesterday’s Jump? Find Out Here
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