Microchip Technology Inc. (NASDAQ:MCHP) fell after it cut its sales outlook and warned investors to expect bad news from rivals. Microchip said second-quarter revenue would total $546.2 million, down from a previous guidance of $560 million to $575.9 million, less than estimates of $568 million. Microchip Technology Inc. (NASDAQ:MCHP) in last trading activity decreased -12.26% to close at $39.96. Company weekly performance is -13.39% while its quarterly performance stands at -18.59%. Microchip Technology Inc. (NASDAQ:MCHP) is -20.15% away from its 52 week high.
eBay Inc. (NASDAQ:EBAY) which last week revealed plans to spin off PayPal, announced Thursday a new advertising campaign that focuses on strengthening the e-commerce company’s brand. On last trading day eBay Inc. (NASDAQ:EBAY) decreased -1.89% to close at $51.86. Its volatility for the week is 2.15% while volatility for the month is 2.15%. EBAY’s sales growth for past 5 years was 13.40% and its EPS growth for past 5 years was 9.90%. eBay Inc. (NASDAQ:EBAY) monthly performance is 2.33%.
Wedbush reissued their buy rating on shares of Netflix Inc (NASDAQ:NFLX) in a research report released on Friday morning. Wedbush currently has a $500.00 price objective on the stock. On last trading day Netflix, Inc. (NASDAQ:NFLX) decreased -2.07% to close at $452.08. Its volatility for the week is 2.03% while volatility for the month is 2.25%. NFLX’s sales growth for past 5 years was 26.20% and its EPS growth for past 5 years was 7.00%. Netflix, Inc. (NASDAQ:NFLX) monthly performance is -6.12%.
Pharmaceutical major Pfizer Inc (NYSE:PFE) has received a patent for its anti-fungal drug Voriconazole, which it is selling in US under the brand name Vfend, overcoming opposition fromRanbaxy Labs Ltd and Natco Pharma. Pfizer Inc. (NYSE:PFE) has 0.02% insider ownership while its institutional ownership stands at 71.80%. In last trading activity company’s stock closed at $29.13.
On October 6, Amedica Corporation (NASDAQ:AMDA) announced the appointment of Dr. Sonny Bal as the company’s President and Chief Executive Officer. Dr. Bal has served as a member of Amedica’s Board since February 2012, and as its Chairman since August 20th, 2014. He succeeds Eric Olson. On Friday shares of Amedica Corporation (NASDAQ:AMDA) closed at $1.11. Company’s sales growth for last 5 years was 156.70%.