Trader’s Recap: MGM Resorts International (NYSE:MGM), PDL BioPharma, Inc. (NASDAQ:PDLI), Authentidate Holding Corp. (NASDAQ:ADAT), Texas Pacific Land Trust (NYSE:TPL), Edison International (NYSE:EIX)

MGM Resorts International (NYSE:MGM) belongs to Services sector. Its net profit margin is 0.20% and weekly performance is -2.16%. On last trading day company shares ended up $18.15. MGM Resorts International (NYSE:MGM) distance from 50-day simple moving average (SMA50) is -6.88%. On 7 July, MGM Resorts International (NYSE:MGM) sold its Reno casino holdings Tuesday to Eldorado Resorts for $72.5 million, giving the Northern Nevada company ownership of Circus Reno and a remaining 50 percent stake in the Silver Legacy.

PDL BioPharma, Inc. (NASDAQ:PDLI) shares advanced 4.13% in last trading session and ended the day at $6.30. PDLI return on assets is 33.60%. PDL BioPharma, Inc. (NASDAQ:PDLI) quarterly performance is -10.24%. On 29 June, PDL BioPharma, Inc. (NASDAQ:PDLI) announced that it has entered into a credit agreement with CareView Communications, Inc. (OTCQB: CRVW) whereby PDL will provide CareView with up to $40 million of secured debt financing. CareView is an information technology provider to the healthcare industry focused on patient care monitoring.

On 10 July, Authentidate Holding Corp. (NASDAQ:ADAT) shares fell -10.02% and was closed at $0.15. ADAT EPS growth in last 5 year was 12.60%. Authentidate Holding Corp. (NASDAQ:ADAT) year to date (YTD) performance is -84.04%. On 7 July, Authentidate Holding Corp. (NASDAQ:ADAT) announced that Renal Ventures Management, LLC (RVM), a leading Provider of dialysis services for patients suffering from chronic kidney failure, selected Authentidate’s telehealth solution for the remote monitoring of some of the dialysis patients who have kidney failure. The roll out is expected to begin in the third quarter of 2015

Texas Pacific Land Trust (NYSE:TPL) ended the last trading day at $143.49. Company weekly volatility is calculated as 3.32% and price to cash ratio as 23.92. Texas Pacific Land Trust (NYSE:TPL) showed a weekly performance of -2.34%.On 29 June, Texas Pacific Land Trust (NYSE:TPL) reported the consummation of the previously announced contract for the sale of approximately 19,607 acres of land in Upton/Crane Counties, Texas for aggregate consideration of $19,840,000. The Trust noted that land sales vary widely from year to year and quarter to quarter, and that this sale should not be considered indicative of the volume of land sales that may be expected in any future period.

Edison International (NYSE:EIX) shares advanced 0.64% in last trading session and ended the day at $57.95. EIX Gross Margin is 59.20% and its return on assets is 3.50%. Edison International (NYSE:EIX) quarterly performance is -8.47%Edison International (NYSE:EIX)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a research report issued to clients and investors on Friday. They currently have a $66.50 target price on the stock, down from their previous target price of $69.50. Jefferies Group’s price objective would indicate a potential upside of 14.75% from the stock’s previous close.

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