The fact that Facebook (NYSE: FB) is paying $19 billion for profitless WhatsApp is the buy signal of the century for momentum investors. On top of the exorbitant price paid for the company, Facebook CEO Mark Zuckerberg went on to say he is putting no pressure on WhatsApp to generate revenue. Facebook Inc (NASDAQ:FB) stock opened at $69.89 in last session, and closed at $70.88, while the day range of FB stock is $69.00-$71.35.The stock showed a negative weekly performance of -0.96%.
By purchasing the calls at a volume-weighted average price (VWAP) of $0.05, the traders expect Zynga Inc (NASDAQ:ZNGA) shares to climb atop $6.05 (strike plus VWAP) — in territory not charted since mid-2012 — by Friday’s closing bell, when the options expire. Risk is limited to the initial premium paid for the calls, should ZNGA remain south of the strike through Friday’s close. In the wake of yesterday’s ascent, delta on the calls has more than doubled to 0.32 from 0.13 yesterday evening, suggesting a near 1-in-3 chance of the calls landing in the money at expiration. Zynga Inc (NASDAQ:ZNGA) stock opened at $5.65, in last session and closed at $5.79, by gained 2.48%. The 52 week range was $2.50-$5.89.Company’s market capitalization is $4.72 billion.
Despite the competitive challenges, Yahoo! Inc. (NASDAQ:YHOO) Chief Executive Marissa Mayer recently declared that the company is “long in search,” stressing, “We do intend to continue to invest in the search user experience, and in really making sure that Yahoo users on the network ultimately really get a tremendous experience. Yahoo! Inc. (NASDAQ:YHOO) stock loosed -0.16% and finished the last session at $37.50. The EPS of the stock remained 1.27. Company’s market capitalization is $37.99 billion.
BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is going through a tough time with low stock prices, losses and a declining market share. Recently, CEO John Chen said that the company has equal chances of being successful or the other way around. However, the company has itself to blame for the lost crown. A report by The Globe and Mail has listed down few of the factors responsible for the unprecedented fall of the Canadian firm. BlackBerry Ltd (NASDAQ:BBRY) stock opened the session at $9.23, and closed the session at $9.22. The 52 week range of the BBRY stock remained $5.44-$16.82 and the day range was $9.15-$9.34.
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