Citigroup equity research analyst Mark May initiated coverage on 11 Internet stocks on Tuesday.
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Tag: OPEN
Open Table to acquire Mobile Technology Company (OPEN)
Open Table Inc. (NASDAQ: OPEN) announced on Thursday that it has agreed to acquire a mobile technology company, JustChalo Inc. in both cash and stock deal valued at $11 million.
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Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP
Shares of American International Group Inc. (NYSE: AIG), climbed about 5.40% by afternoon trade after the insurer on Friday posted profit of $1.34 per share for the fiscal first quarter, comfortably beating analysts’ consensus estimate of 87 cents a share. Revenue however missed analysts’ expectation. Meanwhile, analysts at JP Morgan Chase reiterated “neutral” rating on the stock. Separately, Barclays Capital raised price target on the stock to $41 from $36, in research note released on Friday to clients. The firm has a “equal weight” rating on the stock.
Continue reading Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP