Home / Street Sector / Active Momentum Stocks in New Buzz: Tesla Motors (NASDAQ:TSLA), GSI Technology (NASDAQ:GSIT)

Active Momentum Stocks in New Buzz: Tesla Motors (NASDAQ:TSLA), GSI Technology (NASDAQ:GSIT)

Tesla Motors, Inc. (NASDAQ:TSLA) [Trend Analysis] retains strong position in active trade, as shares scoring -0.75% to $228.15 in a active trade session, while looking at the shares volume, around 364798 shares have changed hands in this session. Sterling Anderson, Tesla Motor Inc.’s (TSLA) director of autopilot programs since November 2015, has left the Palo Alto, California-based maker of electric cars, according to a person familiar with the matter.

Tesla reported Tuesday that it hired Chris Lattner as its vice president of autopilot software. Lattner lead the creation of Apple Inc.’s Swift software programming language introduced in 2014 for apps on its devices.

“Chris’s reputation for engineering excellence is well known,” Tesla said in a blog post.“We are very excited that Chris is joining Tesla to lead our Autopilot engineering team and accelerate the future of autonomous driving.” The firm has institutional ownership of 58.10%, while insider ownership included 0.30%. TSLA attains analyst recommendation of 2.90 with week’s performance of 5.94%. Investors looking further ahead will note that the Price to next year’s EPS is 72.60%.

Shares of GSI Technology, Inc. (NASDAQ:GSIT) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 0.50% to close at $6.05. GSI Technology, Inc. (NASDAQ: GSIT) declared a services engagement with Silicon Turnkey Solutions (STS), a Micross Company, targeted at aerospace and defense applications. This engagement will leverage the combined strengths and expertise from both companies — GSI’s Silicon IP, SRAM Sales & Marketing and STS’s High Reliability Packaging, Assembly, Test and Qualification services — facilitating product launch of QML radiation-hardened SigmaQuad™ SRAMs.

“We are very excited to introduce our extremely high performance 288Mb SigmaQuad-II+ radiation-hardened SRAM product,” said Paul Armijo, Aerospace & Defense Business Director of GSI Technology. “The SigmaQuad™ SRAM product is expected to serve as a critical element for advanced systems that leverage leading-edge FPGAs, ADCs and DACs; but until now lacked the high density, high performance and power efficiency that our 288Mb memory brings.” Moving forward to saw long-term intention, the experts calculate Return on Investment of -2.60%. The stock is going forward its fifty-two week low with 81.68% and lagging behind from its 52-week high price with -4.57%. GSIT last month stock price volatility remained 2.09%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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