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Trading at Noon: Mark Zuckerberg kicks off Facebook roadshow

Monday, May 07, 2012 - 02:32

May 7 - Investors started lining up for the wunderkind to pitch the mega IPO.

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This. Mark Zuckerberg himself expected to be kicking up the FaceBook -- in New York City shortly. Crowds are waiting outside and -- had shared and it is a rock star is going to show what you are looking at a live shot right here. Work from our reporters at the meeting is -- investors started lining up at an hour ago. The line out the door it was tight security and our team has spotted the JPMorgan deal -- entering and we are still waiting to see. Does not himself who will be -- the mega OIPO. The offering is expected to priced between 2835. Dollars a share which would not in the company at between 77 and 96 billion dollars. And right on here we got First Financial firm weighing in with an official price target waiting. When bush giving SB 44 dollar price target suggesting. Pretty nice 40% hot for the IPO if they rated the stock outperformed. Looks like election in Europe while not encouraging or alarming US investors the S&P 500 and NASDAQ down not doing a whole lot. -- anything rebounding from early losses in the session now. Dragging and the SP a little bit at this hour we've got the energy sector which is not just about two tenths -- percent. We also red arrows from materials and utilities. Brent crude right now is not just about half of 1% after this election results. It seemed to cloud the region's outlook. And -- easing for the same reason treasury debt prices pushing higher with the benchmark ten year US treasury notes. Now for sex lack -- go to Reuters Reuters correspondent Ryan must Alec up. On the market. Shares of Tyson who are rising today after the company reported second quarter earnings that beat expectations. The meat company also -- expect momentum to rise in the third and fourth quarter of the year sending shares up about 4%. Right now the stock as the biggest percentage Gainer on the S&P 500 for the day. And shares of AIG right now are down more than 4% after the US treasury said it would cut its ownership stake in the insurer. Also shares of Cognizant Technology Solutions are folly there off more than 15%. Of the information technology services provider. -- lowered its forecast for the full year. -- -- man. Several other companies reporting earnings today. That's opportunity man -- -- Rodgers if -- is this.

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Trading at Noon: Mark Zuckerberg kicks off Facebook roadshow

Monday, May 07, 2012 - 02:32