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Trading at Noon: Following Facebook's Rise and Fall

Monday, May 21, 2012 - 03:07

May 21 - Shares of Facebook are plunging on their second day of trading, impacting other social media stocks as well.

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Need. I. And projected spending 38 dollars a new front for FaceBook appears to be. 33 box -- of shares thinking on their first full day -- trading on the NASDAQ. Right now they are off more than eleven and a half percent hit a session low of 33 earlier this morning that is five bucks below is thirty dollar. IPO price. -- soaring when it comes to at least one metric that's volume as being discussed a 190 shares of less than two hours. Of training technical glitches at the NASDAQ Martha sexy he which popped it whopping. 23 cents on its first day and embarrassment and the NASDAQ which is altering its IPO procedures. And battled to be believed left underwriter Morgan Stanley which snagged the job had seven Friday to defend the IPO price. On top of that as of this morning a source at Morgan Stanley's brokerage -- still had a large number share orders from Friday that we're not confirmed. Which was working to resolve. An initial twenty to 35 dollar price range look and a lot better today. -- at a -- that Cella also hitting some other social media companies. We've got Linkedin pandora and seeing it to the downside about there with the green -- now. That's so overall there have been a much better gallon and rising from the deaths and freshen up their worst weekly decline of the year. Materials leading S&P 500 at this hour right now. Materials at just almost 2% industrials and information technology not too far behind. Crude futures are up slightly today for the first time. In a week. Now for stocks to watch it averaged markets correspondent Brian -- -- -- in the news. Shares of Cooper soared today after he made an offer to buy the company for eleven point eight billion in cash and stock. Dialing the company at 829%. Premium to its Friday close right now here's -- Cooper are up about 26%. Making it the biggest percentage Gainer on the S&P 500 Eaton shares are -- about 1%. Shares of Lowe's and load today right now they're off. Asked -- 10% that home improvement chain type annual outlook and for the team went six billion dollar acquisition like Peter operator in the US will now -- A Chinese company Italian want to group buying and -- which is screen recent hits a hundred games and in enters. And see if not -- publicly but its rival Regal Entertainment is and right now realtors just not 3.3 percent. Time is running out from Google play ball with the EU on antitrust investigation. Currently there regulators keeping a base sixteen complaints and -- anticompetitive behavior. But if Google doesn't settle in the next few weeks and we'll face formal charges and fine on the bright side -- the cleared a different regulatory hurdle after Chinese authorities okayed its twelve billion dollar purchase of Motorola mobility. Right now shares of Google are up more than one and a half percent and shares of Motorola mobility are up a little bit more than 2%. That's up trading and man I'm Jen Rogers this is this.

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Trading at Noon: Following Facebook's Rise and Fall

Monday, May 21, 2012 - 03:07