Several analysts raised their prices targets on Boeing on Wednesday as the Company is getting closer to fixing its grounded 787. Analysts at Sterne Agee and Stifel raised their price targets for Boeing to $100. Boeing is preparing to start testing a redesigned battery system aimed at preventing fires on its flagship 787 Dreamliner. The world's 787s have been grounded for almost two months after a battery fire on one plane and a smoldering battery on a second one. Shares of Boeing closed at $84.75 on Wednesday.
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eBay Inc. (Nasdaq:EBAY - News) – eBay had one of the largest volume advances on Wednesday with trading volume more than double than the stock’s average. Shares of eBay this week have fallen the most in five months after ChannelAdvisor Corp. said February sales grew at the slowest pace since April 2011 as consumers bought fewer car parts. At their intra-day low, shares of eBay touched $50.62, the biggest decline since Oct. 9. of last year. eBay closed at $50.98, down 3.74% yesterday. The Company provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. On March 1st, several insiders bought a combined 162,602 shares.
MEMC Electronic Materials Inc. (NYSE:WFR - News) – MEMC Electronic Materials was one of the biggest decliners on the NYSE on Wednesday. The stock closed in the red down 13.44% at $4.70 and touched as low as $4.68 in intra-day trading. Volume saw a significant boost and was more than double the stock’s average volume. The drop came after the Company revealed they wish to change their name to SunEdison. The Company, who engages in the development, manufacture, and sale of silicon wafer, announced that they see average price per watt to decline from $3.79 in 2012 to a range of $3.10 to $3.40 in 2013. The stock has a 52-week trading range of 1.44 - 5.70. On March 4th, a Director in the company bought 8,750 shares.
BG Medicine, Inc. (Nasdaq:BGMD - News) – BGMD shares hit an intra-day high of $2.24 on Wednesday representing gains of roughly 23% since Tuesday’s closing price. The stock’s trading volume at 2,946,434 shares was considerably higher than average yesterday. The Company reported financial results for the fourth quarter and full year ended December 31, 2012 and provided an update on its progress in expanding the commercial adoption of its innovative diagnostic tests for cardiovascular disease. Product revenue from the BGM Galectin-3(R) test was $1.0 million in the fourth quarter of 2012, compared to $0.3 million in the same period in 2011. Total revenues increased to $1.1 million in the fourth quarter of 2012 compared to $0.4 million in the same period in 2011. Product margin was 70% in the fourth quarter of 2012, up from 60% in the fourth quarter of 2011. The stock has a 52-week trading range of 1.00 - 7.50.
BlackBerry (Nasdaq:BBRY - News) – Shares of BBRY closed up 8.15% on Wednesday with the stock being one of the most actively traded stocks on the Nasdaq composite. The big move came after the Company announced that one of its established partners had placed an order for 1 million BlackBerry 10 smartphones, with shipments set to begin immediately. This was the largest largest ever single purchase order in the Company’s history. "An order for 1 million devices is a tremendous vote of confidence in BlackBerry 10," Rick Costanzo, executive vice president of global BlackBerry sales, was quoted as saying in a blog post at the company’s website on Wednesday. The stock hit as high as $16.07 in after-hours trading yesterday.
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