Big Movers in Focus: EMC Corporation (NYSE:EMC), Nabors Industries (NYSE:NBR), Marcus & Millichap (NYSE:MMI), Ligand Pharmaceuticals (NASDAQ:LGND), General Electric (NYSE:GE)

EMC Corporation (NYSE:EMC), which has been under pressure from activist investor Elliott Management Corp, forecast a lower-than-expected profit for the year and said it would cut jobs. EMC company said on Jan 29, it expected to take a charge of about $130 million-$150 million in the first quarter ending March related to the restructuring charges. On Monday shares of EMC Corporation (NYSE:EMC) closed at $26.43. Company’s sales growth for last 5 years was 9.30% and EPS growth for next 5 years is recorded as 9.64%.

Nabors Industries (NYSE:NBR) was downgraded by research analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a report released on Monday, TheFlyOnTheWall.com reports. Nabors Industries Ltd. (NYSE:NBR) in last trading activity increased 4.34% to close at $12.01. Company weekly performance is 5.26% while its quarterly performance stands at -31.02%. Nabors Industries Ltd. (NYSE:NBR) is -59.99% away from its 52 week high.

Marcus & Millichap, Inc. (NYSE:MMI), announced the sale of Fasco, Inc., a 45,883 square foot net-leased property located in Alsip, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $2,000,000. On last trading day Marcus & Millichap, Inc. (NYSE:MMI) increased 3.91% to close at $35.62. Its volatility for the week is 4.74% while volatility for the month is 4.28%. Marcus & Millichap, Inc. (NYSE:MMI) monthly performance is 7.13%.

Ligand Pharmaceuticals Inc. (NASDAQ:LGND) said Monday that it has promoted Executive Vice President and Chief Operating Officer Matthew Foehr to President and Chief Operating Officer. John Higgins, who had been serving as President and Chief Executive Officer, will continue to serve as the company’s Chief Executive Officer. On Monday shares of Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) closed at $55.25. Company’s sales growth for last 5 years was 12.40% and EPS growth for next 5 years is recorded as 48.09%.

General Electric Co (NYSE:GE) plans to cut 330 jobs in Texas in its oil and gas division, as it grapples with pressure on the unit from the drop in oil prices. General Electric Company (NYSE:GE) in last trading activity advanced 1.34% to close at $24.21. Company weekly performance is -1.55% while its quarterly performance stands at -4.80%. General Electric Company (NYSE:GE) is -9.83% away from its 52 week high.

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