Rambus Antitrust Case Goes Against It – RMBS, SCEI, TRID, ZOLL

Rambus Inc. lost in excess of 60% of its market value Wednesday, following a San Francisco jury rebuffed the Silicon Valley company’s claims in an antitrust case that sought billions of dollars in damages.

The panel of judges, in a 9-3 vote after more than eight weeks of discussions, ruled that defendants Micron Technology Inc. and Hynix Semiconductor did not plan to prevent Rambus technology from taking hold in the market.

Rambus Inc. (NASDAQ:RMBS) increased 23.49% to close at $8.78. The total traded volume was 27.07 million shares for the day. RMBS stock price moved away from 52 week high with the change of -61.49% while remained 119.50% above from 52 week low price. In past twelve months the return on equity was 4.41%.

The stock price of RMBS is moving forward from its 20 days moving average with -48.48% and remote positively from 50 days moving average with -42.82%.

Let’s have a look on some noticeable stocks at Nasdaq.

Sino Clean Energy Inc. (NASDAQ:SCEI) jumped +41.35% to close at $1.47 with the total traded volume of 2.93 million shares beating the average volume of 260.32K.

Its shares were trading within the range of $1.09-$1.64 while its opening price was $1.09. Its market capitalization is $35.39 million. Its stock price 52 weeks low was $0.65 and 52 weeks high price was $7.99.

Trident Microsystems, Inc. (NASDAQ:TRID)  surged +26.27%, closing the day at $0.285.The price volatility remained 11.54% for a week and current price distance from 200 days simple moving average moved up with -63.28%.

The TRID past twelve months price to sales ratio was 0.15 and price to cash ratio remained 1.48. As far as the returns are concern, the TRID return on equity was recorded as -79.99% and decreased -70.53% return on investment while its return on asset stayed at -48.41%.

ZOLL Medical Corporation (NASDAQ:ZOLL) shares were transacted unexpectedly with a volume of 1.67 million shares as compared to its average volume of 372.08K shares. ZOLL opened at $41.42 advanced +22.94% closed $43.84. Its 52 week price range is $29.87 – $70.82.

ZOLL has earnings of $26.63 million and made $492.20 million sales for the last 12 months. Its quarter to quarter sales remained 22.30%. The company has 22.14 million of outstanding shares and 22.03 million shares were floated in the market.

 

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