Tech Sector Stocks on Watch: WebMD Health Corp.(NASDAQ:WBMD), Kandi Technologies Group Inc (NASDAQ:KNDI), Boingo Wireless Inc (NASDAQ:WIFI)


WebMD Health Corp.(NASDAQ:WBMD) is up over 19.4% to $45.04 following a bump for Q1 adjusted EBITDA above the high end of prior guidance. There was an extremely large percentage of the float short coming into news at over 24.4% according to the last available report, and a squeeze is underway. At current price, next resistance is at $45.82. Support is at $43.33.

Analysts have a consensus price target of $54 on WebMD Health Corp.(NASDAQ:WBMD) which indicates a 45% upside. The consensus rating of the stock is a BUY with a score of 2.71. There are currently 1 Sell Rating, 2 Buy ratings, 2 Hold ratings and 2 Strong Buy ratings.

A recent analyst action consisted of SunTrust initiating coverage with a Buy rating and $51 price target.

Kandi Technologies Group Inc (NASDAQ:KNDI) announced earlier that Jing Ma, the Deputy Director of Electric Vehicles Development from the Shanghai Municipal Commission of Economic and Information Technology, and other government officials visited Kandi Electric Vehicles to finalize the plan to launch the Public EV Sharing System Pilot Project in Jinshan District of Shanghai. Kandi shares are up about 5% to $12.88 in early trading following this morning’s announcement.
Boingo Wireless Inc (NASDAQ:WIFI) announced that it has been selected as exclusive neutral host Distributed Antenna System and small cell provider for EnergySolutions Arena. Per the multi-year agreement with Miller Sports Properties, Boingo will upgrade and manage a multi-carrier, neutral host DAS system at the arena, which seats nearly 20K fans. Boingo’s approach to neutral host DAS maximizes carrier participation and provides coverage and capacity to support fans’ connected game day and event experiences. The enhanced neutral host DAS network is slated to launch before in fall 2014. :th

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