A Facebook Inc. (NASDAQ:FB) corporate blog post on Wednesday announced that the social media company will pursue “new educational and enforcement measures” related to gun sales on Facebook and Instagram. Facebook Inc. (NASDAQ:FB) stock opened at $69.69 in last session, and closed at $71.57, while the day range of Facebook Inc. (NASDAQ:FB) stock is $69.62 – $71.97. The stock showed a positive weekly performance of 3.34%.
Zynga Inc. (NASDAQ:ZNGA) CEO Don Mattrick, in his first public appearance with investors at the 2014 Morgan Stanley Technology, Media & Telecom conference, expressed commitment to double down on core franchises. Zynga Inc. (NASDAQ:ZNGA) stock opened at $5.68 in last session, and closed at $5.69 by gaining 0.71%. The 52 week range of $2.50 – $5.85. Company’s market capitalization is $4.67 billion.
Micron Technology (NYSE:MU) was upgraded by stock analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a report issued on Monday, AnalystRatingsNetwork.com reports. In other Micron Technology news, Director Lawrence N. Mondry sold 10,000 shares of Micron Technology stock on the open market in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $25.08, for a total transaction of $250,800.00. Micron Technology, Inc. (NASDAQ:MU) stock decreased -1.12% and finished the last session at $24.83. The EPS of the stock remained 1.52. Company’s market capitalization is $25.97 billion.
Tuesday morning there were unconfirmed reports of Intel Corporation (NASDAQ:INTC) acquiring privately-held wearable device maker Basis Science for ~$100m. If found to be true, we believe this move affirms Intel’s commitment to and confidence in the market opportunity for new devices, an effort being spearheaded by Mike Bell. We believe this team continues to aggressively execute on the new CEO’s stated mandate of staying ahead of market trends, particularly in fast changing markets such as wearables. Intel Corporation (NASDAQ:INTC) stock opened the session at $24.70, and closed the session at $24.50. The 52 week range of the Intel Corporation (NASDAQ:INTC) stock remained $20.75 – $27.12 and the day range was $24.40 – $24.71.
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