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Big Movers in Focus: Retractable Technologies (NYSEMKT:RVP), Recon Technology, (NASDAQ:RCON), Ericsson (NASDAQ:ERIC), Progressive Corp. (NYSE:PGR), Alcatel Lucent SA (ADR) (NYSE:ALU) - Property Mentor Group

Property Mentor Group

Big Movers in Focus: Retractable Technologies (NYSEMKT:RVP), Recon Technology, (NASDAQ:RCON), Ericsson (NASDAQ:ERIC), Progressive Corp. (NYSE:PGR), Alcatel Lucent SA (ADR) (NYSE:ALU)

Syringe maker Retractable Technologies Inc. (NYSEMKT:RVP) has claimed it deserves $5.65 million in prejudgment interest from rival Becton Dickinson & Co. on top of the $340 million it won in a false advertising and antitrust suit, saying Becton’s persistent stall tactics justify the award. On Tuesday shares of Retractable Technologies, Inc. (NYSEMKT:RVP) closed at $4.65. Company’s sales growth for last 5 years was 2.00%.

On 13 February 2015, Recon Technology, Ltd. (NASDAQ:RCON) reported its operating results for the second quarter of fiscal year 2015, which ended December 31, 2014.Mr. Sheping Yin, Chairman and CEO of Recon stated, “Affected by the lower oil and gas price worldwide and decreased CAPEX expense of our clients, some of our projects are postponed or cancelled, and our financial performance for the first half year of fiscal 2015 may not be satisfactory. Recon Technology, Ltd. (NASDAQ:RCON) in last trading activity fell -4.27% to close at $2.02. Company weekly performance is -30.82% while its quarterly performance stands at -46.28%. Recon Technology, Ltd. (NASDAQ:RCON) is -74.75% away from its 52 week high.

Ericsson (NASDAQ:ERIC) recently renewed its strategic partnership with Chile-based telecom operator, Entel for providing consultancy services in the areas of technology, business and marketing. On Tuesday shares of Ericsson (NASDAQ:ERIC) closed at $12.88. Company’s sales growth for last 5 years was 2.00% and EPS growth for next 5 years is recorded as 8.25%.

Progressive Corp (NYSE:PGR) announced that on January 29, 2015, the Board of Directors fixed the close of business on March 17, 2015 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting of Shareholders scheduled to be held on May 15, 2015. Progressive Corp. (NYSE:PGR) has 0.30% insider ownership while its institutional ownership stands at 78.10%. In last trading activity company’s stock closed at $26.74.

Alcatel Lucent SA (ADR) (NYSE:ALU) has published a report compiled by its Motive Security Labs division that shows that during 2014 there was a 25-percent increase in malware infections, compared to only 20-percent in 2013. On Tuesday shares of Alcatel Lucent SA (ADR) (NYSE:ALU) closed at $3.84. Company’s sales growth for last 5 years was -3.20%.

Jerry Tolliver

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