Notable Movers: Mitek Systems (MITK), Bolt Technology (BOLT), SolarCity Corp (SCTY), Tesla Motors (TSLA), Google Inc (GOOGL)

Shares of Mitek Systems, Inc. (MITK), a developer of services software solutions related to mobile imaging in the U.S., are up almost 50% in midday trading Thursday after the company announced settlement of pending litigation with USAA. The two companies, which have been in litigation since March 29, 2012, agreed to settle all pending litigation with neither one making a payment or admitting liability.

MITK was last printing the tape at $3.53 on a traded volume of 9.1 million shares, well ahead of its three month daily average volume of 352,070 shares. The San Diego, California-based company has a total market cap of $107 million.

In the past 52 weeks Mitek Systems has traded between a low of $2.15 and a high of $7.11. Over the past week alone the stock has surged more than 54%. On a year-over-year and year-to-date basis however, ticker is down 31.59% and 40.57%, respectively.

The chart below shows where the stock has traded over the last year, with the 50-day and 200-day moving averages included.

Shares of Bolt Technology Corp. (BOLT) are ripping higher this morning with price breaking out to a fresh multi-month high after the Norwalk, Connecticut-based tech company announced it has agreed to be acquired by Teledyne Technologies (TDY) in a $171 million deal. The transaction, which takes into account Bolt’s stock options and net cash as of March 31, 2014, has been unanimously approved by the boards of both companies. In addition, Bolt’s directors and executive officers have agreed to vote their shares in favor of the transaction.

BOLT was last printing the tape at $21.91 on a massive traded volume of 4,241,203 million shares, compared to the average volume of 50,964. In the past 52 weeks Bolt Technology, which has a total market cap of $188 million, has traded between a low of $15.94 and a high of $22.76. Ticker has gained 92.36% year-over-year and 24.77% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

SolarCity Corp (SCTY) shares gained as much 5% to $70.81 Thursday after the nation’s number-1 solar power provider and largest solar employer announced plans to open 20 new operations centers in seven states.

SCTY was last printing the tape at $70.76 on a traded volume of 3,608,395 million shares, compared to the average volume of 4,736,470. In the past 52 weeks SolarCity Corp, which has a total market value of $6.56 billion, has traded between a low of $28.80 and a high of $88.35. Ticker has gained a whopping 148% year-over-year and almost 25% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Shares of Tesla Motors (TSLA) are up more than 4.50 points today despite an LA Times report stating that electric cars share of total U.S. market have stalled. According to the publication, which cites a new study by online automotive research company Edmunds.com, sales of EVs are stuck at about 3.6% of all new car sales for 2014. And that’s during a very strong sales season. The report notes that total sales figures for August were higher than any time in the last decade.

In other Tesla news, the company has chosen Nevada over four other states as the site for its $5 billion battery plant, dubbed by Musk as ‘Gigafactory’.

TSLA was last printing the tape at $285.72 on a traded volume of 3,4 million shares, compared to the average volume of 5,535,290. In the past 52 weeks Elon Musk’s company, which has a total market value of $35.05 billion, has traded between a low of $116.10 and a high of $288. Ticker has gained 67.33% year-over-year and almost 90% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Google Inc. (GOOGL) is one of today’s notable market movers, up as much as 8 points, printing an intraday high of $598. The surge comes after the software giant agreed to settle a Federal Trade Commission complaint alleging that it unfairly billed consumers for millions of dollars in unauthorized charges incurred by children using mobile apps downloaded from the Google Play app store for use on Android mobile devices.

Google’s minimum payment will be $19 million.

GOOGL has gained 36.51% over the last 52 weeks, and 6.7% year-to-date. More recently in the last 3 months, the stock has gained 7.54%, trading between $553.76 and $605 range. The ticker of the $393 billion market cap company currently trades at a trailing-12 P/E ratio of 31.19, a forward P/E of 18.85 and a P/E to growth ratio of 1.34. The median Wall Street price target on the company’s stock is $675.00 with a high target of $750.00.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Be the first to comment

Leave a Reply

Your email address will not be published.


*