VisionChina Media (VISN) Strategic Move; Needham Sees Upside In Cray (CRAY)


VisionChina Media Inc. (Nasdaq:VISN) stock closed at $9.21, down $0.12 (or -1.29%), and 793 of its shares were traded on Friday’s market activity

In a move that the company considers a crucial strategic step, VisionChina agreed to sell its subway mobile TV advertising business for $119 million to Ledman Optoelectronic Co., Ltd..

VisionChina Media, which operates an out-of-home advertising network on mass transportation systems, has 5.11M Shares Outstanding, Market Capitalization (intraday) of $47.03M and VISN stock 52-week range is between $7.35 and $19.87 per share



Brokerage firm Needham reiterated a Buy rating on Cray Inc. (Nasdaq:CRAY) shares and raised its price target from $35.00 to $42.00

Cray posted fourth quarter 2015 revenue of $267.5 million and non-GAAP net income of $32.2 million, or $0.79 per diluted share for the period

Shares of CRAY closed Friday’s trading session at $33.63, down $0.33 (or -0.97%)

Cray, which designs, develops, manufactures, markets, and services high-performance computing systems, has 40.59M Shares Outstanding, Market Capitalization (intraday) of $1.37B and CRAY stock one-year range is from $18.00 to $40.00 per share


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