Betting big on the prospects of virtual reality technology, Facebook Inc. (NASDAQ:FB) announced yesterday that it had reached an agreement to acquire Oculus VR Inc. – a virtual reality headset maker founded in 2012 – for $2 billion. Facebook Inc (NASDAQ:FB) shares after opening at $60.51 moved to $61.90 on last trade day and at the end of the day closed at $60.97. Company price to sales ratio in past twelve months was calculated as 19.04 and price to cash ratio as 13.09. Facebook Inc (NASDAQ:FB) showed a positive/negative weekly performance of 0.58%.
Yahoo! Inc. (NASDAQ:YHOO) Japan has agreed to buy eAccess Ltd. (Mobile and broadband provider) for the price of $3.2 billion from its parent company SoftBank Corp. This move from Yahoo! will help the company in expanding its services to tablets and Smartphone. Yahoo! Inc. (NASDAQ:YHOO) shares advanced 0.39% in last trading session and ended the day on $35.59. YHOO return on equity ratio is recorded as 10.20% and its return on assets is 38.50%. Yahoo! Inc. (NASDAQ:YHOO) yearly performance is 50.87%.
Groupon Inc (NASDAQ:GRPN) retreated along with the broader equities market yesterday, breaching recent support in the $8 area. The stock has surrendered nearly 7.8% so far in March, and considering its 2.3% dip to $7.70 out of the gate today, is on pace to end a second straight session south of its lower Bollinger Band. What’s more, despite underperforming the S&P 500 Index (SPX) by 31 percentage points during the past three months, GRPN call buying is heating up — though that may not necessarily reflect purely bullish expectations. Groupon Inc (NASDAQ:GRPN) shares moved up 0.51% in last trading session and was closed at $7.92, while trading in range of $7.61-$8.09. Groupon Inc (NASDAQ:GRPN) year to date performance is -32.71%.
After falling to their lowest level since early December this morning, shares of Twitter Inc are back in the black this afternoon. At last check, the equity was up 3.5% to linger near $45.97, amid expectations the microblogging site will soon announce a new approach to gain a foothold on the music scene. This bounce may have been in the cards, though, considering the equity’s 14-day Relative Strength Index (RSI) has dropped to 27.80 from its Feb. 28 close of 42.70, amid TWTR’s 16.3% month-to-date decline. In other words, the stock is sitting in oversold territory. Twitter Inc (NYSE:TWTR) weekly performance is -7.58%. On last trading day company shares ended up $46.32. Twitter Inc (NYSE:TWTR) distance from 50-day simple moving average is -17.76%. Analysts mean target price for the company is $50.96.
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