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Pompano Beach, FL -- (SBWIRE) -- 02/01/2013 -- Stock of Social networking giant Facebook Inc (NASDAQ:FB) upturned from an 8 percent decline on Thursday, ending the normal session lower below 1 percent, as Wall Street's early alarm over mobile revenue outcomes and spending plans diminished.
What FB’s Charts Are Signaling for Traders? Find Out Here
Facebook reported on Wednesday that fourth-quarter mobile advertising revenue increased twofold from the Q3, but the outcomes were unsuccessful to match few investors' huge predictions. Chief Executive Mark Zuckerberg's remarks regarding enhancing spending in the next year indicated that profit margins would be feeling heat, further stating to doubts.
So far today, Facebook Inc (NASDAQ:FB) shares lost -2.20% to $30.30 while the stock is changing hands within a range of $30.05 – $31.02. In the past year, the stock has traded between $17.55 and $45.00. Its average daily trading volume is 70.32 million shares.
Is it the Right to Grab FB after the Recent Slump? Get Free Trend Analysis Here
Looking at other stocks in the same industry, Akamai Technologies, Inc., Youku Tudou Inc and Yandex NV are in the gainers list. Let’s have a quick look on their Market performance.
Akamai Technologies, Inc. (NASDAQ:AKAM) shares are up +1.69% to $41.40 while the stock is trading within the range of $40.89 – $41.66 in the current trading session. In the last 12 months, shares have floated between $25.90 and $42.53. This stock, on average, has trading volume of 2.26 million shares.
For How Long AKAM will Fight for Profitability? Read This Trend Analysis report
In this session so far, Youku Tudou Inc (ADR) (NYSE:YOKU) shares moved up +0.40% reaching $22.85. The stock is trading in a range of $22.80 – $23.95. In the last year the stock has moved within a range of $13.82 – $32.75. The Company’s average daily trading volume is 2.20 million shares.
Will YOKU Continue To Move Higher? Find Out Here
Another rival company, Yandex NV (NASDAQ:YNDX), is trending +1.57% higher to $24.59. The stock price is hovering in range of $24.22 to $24.77. In the previous 52 weeks, shares price ranged between $16.65 and $28.14. Their average daily trading volume is 1.50 million shares.
What was the Moving Force behind YNDX On Bullish Run? Read This Research Report
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