Why Are These Stocks Declining? Linn Energy LLC(NASDAQ:LINE), BlackBerry Ltd(NASDAQ:BBRY) and Nokia Corporation (ADR)(NYSE:NOK)
New York, NY – GDP INSIDER – 12/16/2014.
This article discusses about three companies: Linn Energy LLC(NASDAQ:LINE), BlackBerry Ltd(NASDAQ:BBRY) and Nokia Corporation (ADR)(NYSE:NOK)
Linn Energy LLC(NASDAQ:LINE) has an offer price of 11.33X1000 and one year target estimate of $24.63. The stock plummeted 18.15% during yesterday’s trading and lost $2.18 to close the day at $9.83. However, the ticker managed to gain 4.78% during afterhours trading. The $3.26 billion market cap stock, which hit its new 52-week low of $9.60 yesterday, is currently situated 68.41% away from its 52-week high of $31.12. US based independent oil and natural gas company had a trading volume of 15.41 million and 331.90 million shares outstanding.
BlackBerry Ltd(NASDAQ:BBRY) saw a decline of 6.54% as the stock fell $0.41 to close the day at $9.43. The sharp decline in its value was noticed after its “market perform” ratings was reiterated by the analysts at BMO Capital and Raymond James while an “underperform” rating was reiterated by the analysts at Credit Sussie with a price target of $6. Analysts at TheStreet has given a SELL rating to the stock due to its disappointing return on equity, fall in revenue and debt-to-equity ratio of 0.43 which is higher than the industry average.
Nokia Corporation (ADR)(NYSE:NOK) had a trading volume of 14.77 million, a figure which is lower than its 30-day average trading volume of 15.53 million. The $29.80 billion market cap stock, which traded within a range of $$7.68 to $7.93 during the day after opening at $7.91, is currently situated 24.21% above its 52-week low of $6.23 and 11.34% lower than its 52-wwwk high of $8.73. Its map unit ‘HERE’ has recently joined Baidu Inc to power its map services outside of China.
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