Boston, MA 06/26/2014 (wallstreetpr) – RadioShack Corporation (NYSE:RSH) is not at its best, and there is even growing concern about the future of the company. The stock of the company has dropped below a dollar, and that means that the stock could be delisted from New York Stock Exchange if it finishes below $1 for 30 consecutive sessions. Trading around 91 cents per share, the stock is a far cry from its all-time high $79.50, which was set back in December 1999.
The evolving retail landscape has been a hard nut for RadioShack Corporation (NYSE:RSH) to crack and even a change in business model has had little if any positive impact to show. Its move into the wireless business has not only met intense competition, but even demand for smartphones has declined as the market becomes saturated with the devices.
In efforts to keep its neck above the waters, RadioShack Corporation (NYSE:RSH) announced plans to close more than 1,000 stores in the U.S. as it seeks to cut costs in order to boost performance. It remains to be seen how the company will manage its turnaround amid widespread challenges.
Infinity Pharmaceuticals Inc. (NASDAQ:INFI) was the beneficiary of the positive coverage by Morgan Stanley (NYSE:MS), which rated the stock as Overweight and issued a price target of $17 apiece on a note to investors on Wednesday. Wall Street appears bullish on the stock as it carriers a consensus rating of Buy and average price target of $17.11. The stock trades around $12.67 according to the previous closing price.
The optimism in Infinity Pharmaceuticals Inc. (NASDAQ:INFI) seem to overlook the fact that the company missed Wall Street expectation in most recent quarter because it reported a loss of 87 cents yet the consensus estimate was a loss of 83 cents.
MeetMe Inc (NASDAQ:MEET) is celebrating an important milestone in its growth whereby the company recorded more than 15 million daily chats this week. The development came at a time when the company has been trying to optimize the platform so that it attracts more users and encourage chats. The company offers online discovery where users can meet new people in the U.S.
