Stocks of Advanced Micro Devices, Inc. (NASDAQ:AMD) appeared in active trade move, plunged -3.02% to trade at $6.75 in last session with shares volume of 33.05 Million. Oculus released that AMD-powered VR-capable $500 PCs, debuts ‘asynchronous spacewarp’ tech. At its Oculus Connect event, Oculus reported a new set of $500 systems deinked for fast, smooth VR at a much lower price point.
When the Oculus Rift released this year, Oculus’ official minimum recommendation was an 900 system running a GTX 970. , the firm described a new technology it’s invented, asynchronous spacewarp, that allowed it to bring VR to much more affordable computers without compromising the user experience. This is also the first time we’ve seen Oculus partner up with AMD and CyberPower to launch a new VR system configuration; the first round of recommended systems for VR used Nvidia GPUs. To taking a short look on firm’s performance of margin, it showed a negative -8.70% in the net profit margin and in addition to its operating margin, which remained -7.30%.
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Pilgrim’s Pride Corporation (NASDAQ:PPC) keeps its position active in street, shares closed at $20.16 with jumps down of -4.50%. Goldberg Law PC reported that it is investigating Pilgrim’s Pride Corporation (PPC) concerning possible infringement of federal securities laws. The examination concerns whether Pilgrim Pride and certain of its officers and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On October 7, 2016, Pivotal Research downgraded its peer firm Tyson Foods, Inc. from “buy” to “sell,” due to fears of a class action against Tyson Foods, Pilgrim’s Pride other peers over price collusion in the broiler-chicken market. Allegedly, in 2008, Tyson Foods, Pilgrim’s Pride, and several other companies conspired by sharing proprietary data and reducing production to support prices. When this news was reported, shares of Pilgrim’s Pride fell in value. The firm has yearly sales growth for the past five year of 3.50%. While past twelve months price to sales ratio recorded as 0.67 and price to cash ratio remained 131.04.
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