On Thursday, Shares of STMicroelectronics NV (ADR)(NYSE:STM), subtract -3.62% and closed at $9.06 in the last trading session. The last trading range of the stock ranges between $5.11 and $9.53. MicroVision, Inc. (MVIS), a leader in innovative ultra-miniature projection display and sensing technology, and STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronic applications, recently declared that they plan to work together to develop, sell, and market Laser Beam Scanning (LBS) technology.
The companies anticipate cooperating closely on market development efforts that will include joint sales and marketing activities for LBS solutions. In addition to the pico projection and heads-up display (HUD) markets that both companies are presently addressing with their LBS solutions, ST and MicroVision anticipate targeting emerging markets and applications counting virtual and augmented reality (VR, AR), 3D sensing and Advanced Driver Assistance Systems (ADAS).
Abercrombie & Fitch Co. (NYSE:ANF), jumped 4.25% and closed at $15.69 in the last trading session. The last trading range of the stock ranges between $15.43 and $16.28. The company’s Market capitalization is $1.09 Billion with the total Outstanding Shares of 67.66 million. Abercrombie & Fitch Co., through its auxiliaries, operates as a specialty retailer of casual apparel. The company sells knit and woven shirts, graphic T-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brand names. As of March 2, 2016, it operated through 754 stores in the United States; and 178 stores in Canada, Europe, Asia, and the Middle East.