Facebook (NASDAQ:FB) Chief Operating Officer Sheryl Sandberg dropped from the ranks of billionaires as a result of the social network’s stock decline this week, according to Forbes magazine. Facebook Inc. (NASDAQ:FB) shares after opening at $59.94 moved to $60.20 on last trade day and at the end of the day closed at $56.75. Company price to sales ratio in past twelve months was calculated as 18.38 and price to cash ratio as 12.64. Facebook Inc. (NASDAQ:FB) showed a negative weekly performance of -5.43%.
Memory chip maker Micron Technology Inc. (NASDAQ:MU) posted better-than-expected fiscal second-quarter results and said the outlook for the memory industry is favourable as it switches production lines to make NAND chips used in smartphones and tablets from making DRAM chips for personal computers. Micron Technology, Inc. (NASDAQ:MU) shares fell -5.92% in last trading session and ended the day on $22.58. MU return on equity ratio is recorded as 18.80% and its return on assets is 9.30%. Micron Technology, Inc. (NASDAQ:MU) yearly performance is 142.53%.
Yahoo! (NASDAQ:YHOO) announced it had encrypted online traffic among its data centres, along with emails that used its servers, since the end of March. Furthermore, the company said it would release an encrypted version of its Yahoo! Messenger service in the next few months. Yahoo! Inc. (NASDAQ:YHOO) shares moved down -4.19% in last trading session and was closed at $34.26, while trading in range of $33.83 – $36.05. Yahoo! Inc. (NASDAQ:YHOO) year to date (YTD) performance is -15.28%.
Finnish handset maker, Nokia Corporation (NYSE:NOK) unveiled three new Lumia phones at the recently held Microsoft Build 2014 conference. The handsets are designed for both high-end and low-end users. Nokia Corporation (ADR) (NYSE:NOK) weekly performance is 0.14%. On last trading day company shares ended up $7.35. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is -0.36%. Analysts mean target price for the company is $8.01.
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