TopStockPlays.com carries an inclusive analysis of FB, GRPN, BIDU, RENN
Pompano Beach, FL -- (SBWIRE) -- 01/03/2013 -- As Facebook Inc(NASDAQ:FB) discovers a wider range of money-making dealings, such as video ads and music streaming, it will require to shake off the increasing pains that demonstrated its first quarters as a public firm.
Is FB a Solid Investment at These Levels? Read This Report For Details
Decelerating revenue expansion and slumped shares have intensified pressure on Facebook to explore new ways to produce sales.
At the similar time, the world’s biggest social network will have to ease concerns regarding privacy rights, woo investors and remain true to Chief Executive Officer Mark Zuckerberg’s promise that Facebook is more a social movement than a commercial site.
Victor Anthony, an analyst at Topeka Capital Markets Inc, stated that it is anadequate line that they have tobestride. It is all slices of the increasing pains.
So far today, Facebook Inc (NASDAQ:FB) shares increased +0.21% to $28.06 while the stock is changing hands within a range of $27.72 – $28.47. In the past year, the stock has traded between $17.55 and $45.00. Its average daily trading volume is 66.25 million shares.
For How Long FB’s Gloss will Attract Investors? Find out via this report
Looking at other stocks in the tech sector, Groupon Inc, Baidu.com, Inc. (ADR) and Renren Inc were in the top volume leaders. Let’s have a quick look on their Market performance.
Groupon Inc (NASDAQ:GRPN) shares are up +3.43% to $5.13 while the stock is trading within the range of $4.96 – $5.21 in the current trading session. In the last 12 months, shares have floated between $2.60 and $25.84. This stock, on average, has trading volume of 19.43 million shares.
Will GRPN Continue To Move Higher? Find Out Here
In this session so far, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) shares moved up +0.85% reaching $105.01. The stock is trading in a range of $103.82 – $106.90. In the last year the stock has moved within a range of $85.96 – $154.15. The Company’s average daily trading volume is 4.72 million shares.
For How Long BIDU will Fight for Profitability? Read This Trend Analysis report
Another rival company, Renren Inc (NYSE:RENN), is trending +1.72% higher to $3.54. The stock price is hovering in range of $3.45 to $3.59. In the previous 52 weeks, shares price ranged between $3.00 and $7.87. Their average daily trading volume is 1.91 million shares.
What was the Moving Force behind RENN On Bullish Run? Read This Research Report
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