Mark Zuckerberg, the 29-year-old co-founder of Facebook Inc. (NASDAQ:FB), lost $3.1 billion this week amid a decline in bank and technology stocks. Facebook Inc (NASDAQ:FB) shares after opening at $61.34 moved to $61.95 on last trade day and at the end of the day closed at $60.01. Company price to sales ratio in past twelve months was calculated as 19.44and price to cash ratio as13.3. Facebook Inc (NASDAQ:FB) showed negative weekly performance of -10.75%.
The famous Chinese search giant Baidu Inc (ADR) (NASDAQ:BIDU) is rolling up new partnerships and innovative products in the mobile game market. The company is also making efforts for amassing funds and licenses for setting the investment in action. Baidu has carved its niche in Chinese market and is gearing up to give competition to ace players like Google Inc (NASDAQ:GOOG). Baidu Inc (ADR) (NASDAQ:BIDU) shares fell -0.23% in last trading session and ended the day on $150.66. BIDU return on equity ratio is recorded as 45.70% and its return on assets is 25.90%. Baidu Inc (ADR) (NASDAQ:BIDU) yearly performance is 74.98%.
Chinese stocks in New York fell for the first time in three days, led by Renren Inc (NYSE:RENN) after the social networking website operator forecast sales that came below analysts’ estimates. Renren Inc (NYSE:RENN) shares moved down -0.31% in last trading session and was closed at $3.17 while trading in range of $3.17 – $3.23 – Renren Inc (NYSE:RENN) year to date (YTD) performance is 3.93%.
Shares of LinkedIn Corp (NYSE:LNKD) are advancing after research firm Susquehanna advised investors to buy the stock following its recent decline. WHAT’S NEW: The recent underperformance of LinkedIn’s stock creates a good entry point, Susquehanna analyst Brian Nowak wrote in a note to investors. LinkedIn’s revenue is poised to accelerate, and it should report stronger than expected results going forward, the analyst predicted. Moreover, the concerns that have weighed on the stock are overblown, Nowak believes. LinkedIn Corp (NYSE:LNKD) weekly performance is-3.12%. On last trading day company shares ended up $190.59. LinkedIn Corp (NYSE:LNKD) distance from 50-day simple moving average (SMA50) is -6.85%. Analysts mean target price for the company is $252.71.
Leave a Reply