Shares of JetBlue Airways Corp. (JBLU) were up slightly in late trading on news the carrier witnessed a significant improvement in air traffic in May, this year. Traffic – measured in revenue passenger miles – came in at 3.46 billion, up 8.4% from 3.19 billion recorded a year ago.
Shares of Yahoo (YHOO) hit a new 4-week low at $40.55 in midday trading Thursday. The weakness has been attributed by some to comments by policy analysis-research firm Capstone Equities Capital Management in a note dated yesterday regarding the potential for an unfavorable change in the tax code and the impact it could have on Yahoo’s spinoff of its Alibaba (BABA) stake.
Throughout the day, more than 21 million shares of Yahoo Inc exchanged hands as compared to its average daily volume of 14 million shares. The stock ranged in a price between $40.55 – $42.21 after having opened the day at $42.09 as compared to the previous trading day’s close of $42.06.
Criteo SA (CRTO) shares plunged 8.19% to $46.53 in midday trading following reports that Apple’s (AAPL) new iOS will allow users to block ads in its Safari browser. Criteo provides ads to internet-enabled devices, like the iPhone.
In a report published Thursday, Needham analysts raised their PT on Vimicro International Corp. (VIMC) from $13 to $14.
Vimicro International Corp., currently valued at $412 million, has a median Wall Street price target of $13.00 with a high target of $13.00. Approximately 1.56 million shares have already changed hands, compared to the stock’s average daily volume of 505K.
In the past 52 weeks, shares of the company have traded between a low of $2.44 and a high of $16.49 with the 50-day MA and 200-day MA located at $13.21 and $9.51 levels, respectively. Additionally, shares of VIMC trade at a P/E ratio of 1.76 and have a Relative Strength Index (RSI) and MACD indicator of 53.28 and -1.13, respectively.
VIMC currently prints a one year return of about 255% and a year-to-date return of around 99%.