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Allegiant Travel Company (NASDAQ: ALGT) shares declined 7.17 percent to close at $98.48 a share Tuesday. The stock traded between $97.86 and $103.90 on volume of 361,502 shares traded. Raymond James has downgraded the company’s rating to “market perform” from “strong buy” due to a softness in leisure travel. Shares of Allegiant have gained approximately 34.0 percent year-to-date.
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Applied Materials, Inc. (NASDAQ: AMAT) shares increased 3.43 percent to close at $15.66 a share Tuesday. The stock traded between $15.37 and $15.73 on volume of 26.33 million shares traded. The company unveiled a new financial model targeting non-GAAP adjusted earnings per share of $1.50 to $2.15 by fiscal 2016. Shares of Applied Materials have gained approximately 37.0 percent year-to-date.
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KapStone Paper and Packaging Corp. (NYSE: KS) shares dropped 2.24 percent to close at $41.98 a share Tuesday. The stock traded between $40.22 and $42.40 on volume of 648,744 shares traded. Deutsche Bank has downgraded the company’s rating to “sell” from “hold”. Shares of KapStone Paper and Packaging have gained approximately 89.2 percent year-to-date.
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Synchronoss Technologies, Inc. (NASDAQ: SNCR) shares declined 11.57 percent to close at $26.75 a share Tuesday. The stock traded between $26.60 and $29.05 on volume of 1.02 million shares traded. Goldman Sachs has recently downgraded the company’s rating to “sell” from “hold”. Shares of Synchronoss Technologies have gained approximately 26.8 percent year-to-date.
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