8×8, Inc. (EGHT) Reaches $14.15 After 6.00% Down Move; Tesoro (TSO)’s Sentiment Is 1.02

July 18, 2017 - By Vivian Park

The stock of 8×8, Inc. (NASDAQ:EGHT) is a huge mover today! About 110,563 shares traded. 8×8, Inc. (NASDAQ:EGHT) has risen 12.01% since July 18, 2016 and is uptrending. It has underperformed by 4.69% the S&P500.The move comes after 8 months negative chart setup for the $1.31B company. It was reported on Jul, 18 by Barchart.com. We have $13.30 PT which if reached, will make NASDAQ:EGHT worth $78.60 million less.

Tesoro Corporation is an independent petroleum refining, logistics and marketing company. he Company operates through three divisions. The company has market cap of $15.49 billion. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of clients within its markets. It has a 16.27 P/E ratio. The TLLP segment comprises Tesoro Logistics LP’s (TLLP) assets and operations, and includes certain natural gas and crude oil gathering assets, natural gas and natural gas liquids (NGLs) processing assets, and crude oil and refined products terminaling, transportation and storage assets acquired from Tesoro and third parties.

Analysts await 8×8, Inc. (NASDAQ:EGHT) to report earnings on July, 27 after the close. After $-0.01 actual EPS reported by 8×8, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.18 in Q4 2016. Its up 0.24, from 0.94 in 2016Q3. It is positive, as 18 investors sold 8×8, Inc. shares while 55 reduced holdings. 33 funds opened positions while 53 raised stakes. 59.83 million shares or 2.43% less from 61.32 million shares in 2016Q3 were reported. 27,173 were accumulated by Landscape Cap Management Ltd Llc. California State Teachers Retirement Systems holds 181,946 shares or 0.01% of its portfolio. Nomura Asset Comm Limited reported 72,700 shares or 0.02% of all its holdings. Castleark Management Ltd Com reported 0.27% stake. Riverhead Cap Lc holds 0.01% of its portfolio in 8×8, Inc. (NASDAQ:EGHT) for 6,500 shares. Juncture Wealth Strategies Limited Liability reported 68,839 shares or 0.68% of all its holdings. Cadence Capital Mngmt Ltd has 0.07% invested in 8×8, Inc. (NASDAQ:EGHT). Cubist Systematic Strategies Limited Liability Company has invested 0.01% in 8×8, Inc. (NASDAQ:EGHT). Sei Invests invested 0% in 8×8, Inc. (NASDAQ:EGHT). Proshare Advisors Ltd Llc owns 0% invested in 8×8, Inc. (NASDAQ:EGHT) for 16,188 shares. Fisher Asset Management Ltd Liability Corp owns 107,736 shares. Northern Trust Corp holds 0.01% or 1.17 million shares. Royal Bancorp Of Canada has 57,468 shares for 0% of their portfolio. Great West Life Assurance Co Can holds 0% or 118,003 shares. 2.61M are held by First Trust L P.

8×8, Inc. provides cloud-based, enterprise-class software solutions. The company has market cap of $1.31 billion. The Company’s solutions are delivered through Software as a Service business model. It currently has negative earnings. The Company’s divisions include Americas and Europe.

Since January 31, 2017, it had 0 buys, and 3 sales for $2.07 million activity. 100,000 shares were sold by MARTIN BRYAN R, worth $1.56 million on Friday, February 10. 7,500 shares were sold by Hakeman Darren J., worth $118,915 on Tuesday, January 31. SALZMAN ERIC sold $385,318 worth of stock.

Among 10 analysts covering 8×8 (NASDAQ:EGHT), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. 8×8 had 16 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of 8×8, Inc. (NASDAQ:EGHT) has “Outperform” rating given on Monday, December 12 by Robert W. Baird. Barclays Capital maintained the shares of EGHT in report on Friday, May 20 with “Overweight” rating. The rating was maintained by Needham with “Buy” on Friday, July 22. The rating was maintained by Barclays Capital on Friday, January 22 with “Overweight”. The stock of 8×8, Inc. (NASDAQ:EGHT) has “Buy” rating given on Monday, January 25 by Summit Research. The firm has “Buy” rating given on Tuesday, July 19 by Dougherty & Company. The rating was maintained by William Blair with “Hold” on Friday, May 26. Northland Capital maintained the stock with “Outperform” rating in Friday, October 23 report. The company was maintained on Friday, May 20 by Dougherty & Company. The stock has “Buy” rating by Northland Capital on Tuesday, June 27.

About 450,980 shares traded. Tesoro Corporation (TSO) has risen 7.01% since July 18, 2016 and is uptrending. It has underperformed by 9.69% the S&P500.

Since January 1, 0001, it had 2 insider buys, and 1 sale for $48,584 activity.

Hound Partners Llc holds 9.19% of its portfolio in Tesoro Corporation for 4.35 million shares. Slate Path Capital Lp owns 1.82 million shares or 4.83% of their US portfolio. Moreover, Steadfast Advisors Lp has 4.59% invested in the company for 107,126 shares. The New York-based Steadfast Capital Management Lp has invested 4.56% in the stock. Point72 Asset Management L.P., a Connecticut-based fund reported 3.42 million shares.