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Trading at Noon: No gifts for Facebook's 1-week birthday

Friday, May 25, 2012 - 02:44

May 25 - It's Facebook's one-week birthday today but with the stock trading around $32, there’s not much cause for celebration.

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Not much cause for celebration this afternoon as FaceBook marks the one week anniversary. Of its -- ideal and it has been a wild ride for the shareholders the stock remains under pressure trading down 3.5 percent today around. 32 dollars. That's a 16% drop from its IPO price Facebook's debacle debut could prove costly for CEO Mark Zuckerberg and company. But even more so for the NASDAQ. Electronic exchange known for its tech savvy. Is facing lawsuits from all sides including brokerage firms -- at least 100 million dollars in losses due to the ideas technology snafus. The glitches may also hear other tech IPOs a wave. From NASDAQ and why -- Twitter I might be inclined to lean toward earth just to. Try to see myself and different snack bracket. Little bit higher level and it I think that would be depreciation. Once comes I think New York has a short term competitive advantage. But here's an aspect are up more than one and a half percent today. Dell is the latest company to make a bid request in its quest to diversify revenues according to Bloomberg report. -- network security software maker has received several offers after agreeing to be acquired by insight venture partners and two billion dollar deal. Dallas tried to expand his business in a more profitable areas they cater to business customers. -- stock plunged on Wednesday after missing its first quarter sales and profit estimates and issuing a weak forecast but Dell is up one point 4%. Now let's see which stocks are on the move today shares of Verifone are plunging. -- in fifteen and a half percent after the electronic payment company reported a loss for the second quarter. On the bright side -- announced a partnership with PayPal. Which -- and its reach to more retailers. Shares of palace are tanking they're down more than 39%. It was retailer was in talks with sycamore partners were buyout. But the to seal the deal US stock indices moving much there right hovering near the breakeven line heading into Memorial Day weekend. Investors stay away from stocks and keeping a close watch on Greece. Earlier today the Euro tumbled to a two year low against the dollar sectors on the rise on S&P 500. Include the telecoms services sector up half a percent fall by utilities up point four -- And that's all we're trading at -- I'm Fred Katayama and this is what.

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Trading at Noon: No gifts for Facebook's 1-week birthday

Friday, May 25, 2012 - 02:44