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Panasonic Corp. ADR (PCRFY)

- OTCPK - Current
  • Mon, May 18, 10:23 AM
    • Panasonic (OTCPK:PCRFF) has launched the Arbitrator BWC, a law enforcement body camera supporting 720p recording, a 130-degree camera angle, and Wi-Fi video offloading. Like rival offerings, it's accompanied by an evidence management system for storing/accessing recorded content, and integrates with a complementary in-car video system.
    • Body camera makers Taser (TASR -3.6%) and Digital Ally (DGLY -4.6%) are selling off. DGLY is now down 18% since releasing its Q1 numbers on Wednesday afternoon.
    • Panasonic launched its first law enforcement body camera, the WV-TW310, in 2012.
  • May 9, 2014, 9:12 AM
    • Polypore International (PPO) +7.7% premarket after announcing a five-year lithium-ion separator supply agreement with Panasonic (PCRFY), and authorizing a repurchase of up to 4.5M common shares.
    • Q1 results were mixed, however, with earnings falling short of expectations but revenues rising 10% Y/Y; sales of lead-acid battery separators rose 4% while lithium battery separator sales jumped 23% due to higher volumes in electric drive vehicles.
    • DA Davidson upgrades shares to Buy from Neutral and raises its price target to $42 from $36, citing PPO's flexibility to increase capital investments in strategic growth opportunities through the recent debt restructuring and subsequent lower interest rates.
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  • Feb. 26, 2014, 3:30 AM
    • Panasonic (PCRFY) is reportedly considering investing in a lithium-ion battery factory that Tesla is planning to build as part of its strategy of making more affordable electric vehicles.
    • The "giga" factory would need almost  ¥100B ($979M)  to construct, and would make lightweight batteries for Tesla as well as for Toyota and other automakers.
    • Panasonic is already Tesla's main supplier of batteries and said it wants to expand its collaboration with the U.S. company, although the Japanese firm declined to comment further.
    • Last week, Tesla CEO Elon Musk said he expects Panasonic to be a partner in the facility.
    • Panasonic's shares jumped 5.3% in Tokyo.
  • Apr. 1, 2013, 10:02 AM
    Shares of Panasonic (PC -8.6%) slump with the electronics firm reportedly under investigation by U.S. authorities on charges of bribery. The company plans to delist its American depositary shares from the NYSE on April 22.
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  • Feb. 4, 2013, 5:47 PM
    After-hours top gainers, as of 5:15 p.m.: JNY +5%. EDMC +5%. BRKS +5%. MM +5%. GFF +4%.
    After-hours top losers: PC -10%. IDIX -7%. RTEC -6%. YUM -6%. BIDU -5%.
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  • Feb. 4, 2013, 12:45 PM
    Midday top 10 gainers: HPTX +31%. APKT +22%. EBOD +16%. PGRX +15%. SONS +14%. PC +11%. EDAP +9%. ORRF +10%. HMY +9%. TAOM +9%.
    Midday top 10 Losers: INUV -13%. CLSN -13%. SED -12%. CYTK -8%. VVI -9%. CTC -8%. PRIS -8%. PERI -8%. BLIN -8%. CFBK -8%.
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  • Feb. 4, 2013, 3:07 AM
    Panasonic (PC) shares surge 17.9% in Tokyo - the stock's biggest gain since September 1974 - after the company made a surprise profit in FQ3. "Panasonic seems to have turned a corner,” says fund manager Masamitsu Ohki. "That is easing investor concerns about its survival." Sony (SNE) climbed 7.5% ahead of its earnings on Thursday, while Sharp rose 5.5% after it last week reported its first operating profit in five quarters.
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  • Aug. 1, 2012, 9:15 AM
    Premarket gainers: SIMG +28%. LH +13%. BPI +12%. VG +9%. GNW +8%. FTR +7%. PC +7%. GRMN +6%. DGX +6%.
    Losers: CECO -20%. DRIV -17%. TRLG -15%. ARRY -13%. NICE -13%. ENR -10%. HZNP -9%. DWA -7%. SAVE -6%. IDIX -6%. MAPP -6%. STP -5%.
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  • May 29, 2012, 1:32 AM
    Panasonic (PC) says it may cut more jobs and is thinking about restructuring its operations, sending shares +2.9% in Tokyo. The TV maker shed 36,000 jobs last fiscal year.
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  • Mar. 21, 2012, 4:47 AM
    Panasonic (PC) plans to close a California plant that makes silicon wafers for solar cells, according to a report in the Nikkei business daily. Shares -2.2% in Tokyo.
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  • Dec. 9, 2011, 3:26 PM
    Shares of Universal Panel (PANL +4.3%) jump after a Goldman analyst suggests the developer of organic light-emitting diode technology could benefit if Panasonic (PC) ramps up capacity at an OLED-panel manufacturing facility during the first half of 2012. PC and PANL currently have an existing commercial licensing agreement.
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  • Nov. 25, 2011, 11:59 AM
    Panasonic (PC +3.8%) trades up after announcing plans to establish a company in Malaysia that will serve as its new solar manufacturing base. Panasonic Energy Malaysia, to be set up in December, will operate a vertically-integrated solar manufacturing facility producing from wafers to cells and modules.
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  • May 20, 2011, 11:41 AM
    Facing an "extremely difficult" year after Japan's quake, tsunami and nuclear crisis, Panasonic (PC -1.2%) looks to the country's rethought energy policy for a silver lining - emphasizing greener products and renewable energy. If the company sticks to AV and white goods, "our future growth will be limited," President Fumio Ohtsubo says.
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Company Description
Panasonic Corporation is one of the largest electronic product manufacturers in the world, comprised of over 634 companies. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe.
Country: Japan