Morning Buzz: Twitter (TWTR), SunEdison (SUNE), Alphabet (GOOG), Authentidate Holding (ADAT), Cray Inc. (CRAY)

Twitter, Inc. (TWTR) shares declined 3.76% to $17.17 in morning trading on Monday following the abrupt departure of four top executives, including product head Kevin Weil and media boss Katie Stanton.

Shares of SunEdison, Inc. (SUNE) are higher by nearly 7% to $2.83 in early trade despite a Reuters report saying talks on a possible joint venture between Spanish wind farm manufacturer Gamesa and the U.S.-based company to develop wind projects with capacity of up to 1 Gigawatt have stalled.

Alphabet Inc. (GOOG) – BusinessInsider reports that Yahoo (YHOO) has adjusted the terms of its employee option grants in an effort to boost morale and stop a growing brain drain. Separately, this morning the web portal was upgraded to ‘Buy’ from ‘Hold’ at Pivotal Research Group.

Alphabet Inc. recently traded at $725.91, a gain of $0.66 over Friday’s closing price. The name has a current market cap of $499.23 billion.

Authentidate Holding Corp. (ADAT) shares surged 9.12% to $5.50 in early trading following the company’s announcement of 1-for-9 reverse split of its common stock.

Shares of Cray Inc. (CRAY) are up $2.45, or 7.41%, at $35.52, after the company this morning said it received a $36 million upgrade contract in Europe.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.