Sirius CEO Deemed Replaceable and 4 Heavily Traded Shares Making Market Waves
Trulia (NYSE:TRLA) found didn’t do bad in the shaky market for its initial public offering on Thursday. It earned over $100 million, and its soared over 45 percent in its debut on the open market.
Sirius XM (NYSE:SIRI): Liberty Media CEO Greg Maffei made statements that Mel Karmazin can be replaced, but he added that ‘Mel has done a great job” at the satellite broadcast company, at the Goldman Sachs Annual Communicopia Conference this morning. Liberty Media is also pushing for and succeeding in a takeover of Sirius.
Corning (NYSE:GLW) has been upgraded to Buy from Neutral by Simona Jankowski of Goldman Sachs, who also increased its price target to $16 from $14. According to Jankowski, Corning will likely reduce its dependence on liquid crystal display glass to 74 percent of net income during 2013 versus the 96 percent in 2009. Corning is a maker of Gorilla Glass which is used in iPhones, and other products.
Citigroup Inc. (NYSE:C): Almost two-thirds of U.S. residential real estate investors claim that they intend to buy as many as or more homes during these next 12 months than they have in the past year even though prices continue to increase, according to a survey released by ORC International, according to Bloomberg. Nearly 30 percent of investors intend to lower their purchases.
Micron Technology (NYSE:MU): Drexel Hamilton began to cover Micron Technology shares in a report released on Thursday. The firm gave the stock a Hold rating. Micron Technology has been widely talked about lately. Sanford C. Bernstein analysts decided to keep an Outperform rating on the shares in a research note to investors on Wednesday, and they gave the stock a $9.50 price target. Also, Wells Fargo & Co. analysts maintained an Outperform rating on shares on the stock in a research note to investors on Monday. On Thursday, Micron Technology shares opened at 6.65. The company has a one year low of $3.97 and a one year high of $9.16, and its market cap is $6.767 billion.
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