Home / Business / Stocks Retreat on New Development: Ocean Power Technologies (NASDAQ:OPTT), salesforce.com (NYSE:CRM)

Stocks Retreat on New Development: Ocean Power Technologies (NASDAQ:OPTT), salesforce.com (NYSE:CRM)

Ocean Power Technologies, Inc. (NASDAQ:OPTT) [Trend Analysis] knocking active thrust in leading trading session, shares raise of 1.17% to 6.91 with about 1.08 Million shares have changed hands in this session. Ocean Power Technologies, Inc. (OPTT) reported the successful completion of the pre-requisite stage gate review with Mitsui Engineering and Shipbuilding, which allows OPT to proceed with the PB3 shipment to Japan. OPT also reported its operational performance validation for two PB3 PowerBuoys presently deployed off the New Jersey coast, and achieving a important milestone in the power take-off (“PTO”) accelerated life testing of over 48 million cumulative strokes.

The two deployed PowerBuoys will undergo their planned recoveries in the coming months, weather permitting, following which they will be inspected and prepared for future deployments, comprising the lease for MES. The stock is going forward its fifty-two week low with 627.37% and lagging behind from its 52-week high price with -55.85%.

Same, the positive performance for the quarter recorded as 178.63% and for the year was 86.76%, while the YTD performance remained at 229.05%. OPTT has Average True Range for 14 days of 0.61.

salesforce.com, inc. (NYSE:CRM) [Trend Analysis] retains strong position in active trade, as shares scoring 2.99% to $72.63 in a active trade session, while looking at the shares volume, about 11.22 Million shares have changed hands in this session. Salesforce has takeoverd San Francisco-based Krux for $340 million in cash and an equal amount of stock, in an accord valued at about $700 million, the firm stated Monday in a regulatory filing.

The news came ahead of the firm’s yearly Dreamforce conference, which starts The acquisition is a win for Krux, which released in 2010 and raised just $50 million in venture capital from Palo Alto-based Accel Partners, SAP-backed Sapphire Ventures and a small group of other investors. The firm has institutional ownership of 88.10%, while insider ownership included 0.10%. CRM attains analyst recommendation of 1.80 with week’s performance of 3.68%. Investors looking additional ahead will note that the Price to next year’s EPS is 34.64%.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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