Trading at Noon: Markets up; Facebook stock takes a dive
Tuesday, May 29, 2012 - 04:00
May 29 - U.S. stocks are moving higher today but Facebook not following the trend, with shares down close to 5 percent.
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Yes -- getting up today following up on the F and he finally breaking -- losing streak last week with its first weekly gain since April. China holding sway over stocks on news the country may introduce further stimulus meanwhile all is still not well in Spain investors are monitoring the country's thinking banking system leading US -- 1%. Looking authority here for now investment strategist Abby Joseph Collins CS and 500 share prices rise. We think that technology. Will probably be a good performing area. -- -- -- -- of consumer discretionary spending keep in mind that for many families. Those household balance sheets have been repaired the debt loads are back down. Earlier -- US home prices rose for a second straight month in March adding to signs of recovery hasn't exactly acting pretty positive. Positively to the -- every agency of being in that more than one. Person. Are able FaceBook hitting eight new low at the options begin trading for the first time literally we here at 2960. That right now on the -- but a new low 2960 -- isn't the first time we have seen -- -- -- -- Thirty dollars it is a little over 20% decline from its IPO price at 38 bucks at the more than 30% -- at all time high of 45. Alex again we're hitting these fresh intra day lows -- these -- right now that they could maybe lower -- one company soaring on speculation the social network -- death. Snapped it is opera now takeover talk for the Oslo listed company that specializes in mobile phone software hat shares up nearly 20%. Opera's mom but analysts say could be a perfect fit and healthy happy with its mobile problems. An installation just beat bill paying its -- found a New York Times reporting over the weekend is that looks to be working on its own Smart phone for next year. So what they need a partner or platform. Chatter around beaten up rim shares which right now are up just about 3% although the companies also announcing more restructuring details as well. Are -- keeping with social media stock shares at a dizzying array now limited downside by seven and a half percent today. That went gaming companies lock up expires today which means over 300 million outstanding shares will be freed up for trading. They also accounts for over 12% of Facebook's revenue. -- locked up also comes in and on Thursday this week over 600 million shares will be available for tree. Now prison stocks to watch let's get a mortgage markets correspondent -- Shares of Internet radio service pandora are down more than 5% this morning they're being pressured by a new service from Samsung. They have a new phone out -- galaxy S three. And this phone is going to allow some of their users to access and music hub which people are going to upload their songs. And being able to stream them on their PCs and on up to 50 mobile devices. This new service from Samsung is going to compete not only with pandora but also with Spotify. And a similar services from apple and Google. We're also keeping -- I have some smaller companies making some pretty big news today here's a look for right now are soaring more than 55%. Japanese being -- -- fancy equipment manufacturer Teledyne Technologies for 240 million dollars. And here's that intro line -- right now are up. Nearly 40% firm agreed to be bought for about 812 million dollars a group of investors including PP capital. Goldman's taxes PE RR. A copper trading and I'm an actress and this is writers.
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