Facebook Inc (NASDAQ:FB) has launched a mobile ad network called “Facebook Audience Network” at the f8 conference. This service will allow developers to make money without having to sell their own ads. Facebook will handle the targeting, handle measurement, and payment routing. All developers will have to do is integrate a small bit of code into the apps. Facebook Inc (NASDAQ:FB) shares after opening at $57.58 moved to $59.85 on last trade day and at the end of the day closed at $59.78 . Company price to sales ratio in past twelve months was calculated as 17.19 and price to cash ratio as 12.14. Facebook Inc (NASDAQ:FB) showed a negative weekly performance of -2.57%.
For the second time in three trading days, Zynga Inc (NASDAQ:ZNGA) is seeing bullishly skewed trading activity in its options pits. Call volume currently exceeds typical intraday volume by a factor of four. What’s more, the primary focus of these optimistic options buyers is the same short-term position as earlier this week. Zynga Inc (NASDAQ:ZNGA) shares advanced 2.53% in last trading session and ended the day on $4.05. ZNGA return on equity ratio is recorded as -4.40% and its return on assets is -4.40%. Zynga Inc (NASDAQ:ZNGA) yearly performance is 26.96%.
Micron Technology, Inc. (NASDAQ:MU) this week announced a new enterprise-class solid state drive (SSD) designed specifically for data center storage platforms. Enterprise applications are experiencing tremendous new demands for greater data throughput due to rapid growth in mobile applications, cloud services and connected devices. Micron Technology, Inc. (NASDAQ:MU) shares moved up 4.06% in last trading session and was closed at $26.12 while trading in range of $25.14 – $26.12 – Micron Technology, Inc. (NASDAQ:MU) year to date (YTD) performance is 20.09%.
Oi SA (ADR) (NYSE:OIBR)’s preferred shares fell to a record low after the company was said to raise 8.25 billion reais ($3.71 billion) by selling stock at a price below yesterday’s close. The funding paved the way for a merger with Portugal Telecom SGPS SA. Oi SA (ADR) (NYSE:OIBR) weekly performance is -19.83%. On last trading day company shares ended up $0.929. Oi SA (ADR) (NYSE:OIBR) distance from 50-day simple moving average (SMA50) is 33.33%. Analysts mean target price for the company is $2.83.
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