Investors Slap Facebook Inc. (NASDAQ:FB) After Huge Spending Figures - AWAY, AKAM, OPEN

Pompano Beach, FL -- (SBWIRE) -- 01/31/2013 -- Tech components had a rough ride on Thursday in early hours, with social networking giant Facebook Inc. (NASDAQ:FB) and the firm now called as BlackBerry leading the bearish runners.

Facebook (FB) plunged above 6% losing all its New Year’s shine as many brokers lowered rating of the stock after its fourth quarter not-so-impressive results, which contained a forecast for huge spending in 2013.

Can FB Show a Strong Recovery? Find out in This Research Report

The firm exceeded Wall Street's predictions by reporting earnings of 17 cents per share, on revenue of $1.59 billion in previous quarter.

Mobile revenue, the trump card of most technology tycoons aiming to earn money from smartphone and tablet customers also rallied in the recently ended quarter still not able to impress investors.

At the current trading session, Facebook Inc (NASDAQ:FB) shares slipped -5.76% to $29.44 while The Stock traded within the range of $28.74 – $29.60. In the past year, the stock has traded within a range of $17.55 – $45.00. The current session’s volume of 32.85 million shares is down from the average daily trading volume of 65.89 million shares.

Is it the Right to Grab FB after the Recent Slump? Get Free Trend Analysis Here

While If we look at the few other stocks within industry, HomeAway, Inc., Akamai Technologies, Inc. and OpenTable Inc are remain in the gainers list. Let’s have a quick look on their Market performance.

HomeAway, Inc. (NASDAQ:AWAY) shares are up +1.79% to $23.83 while the stock is traded within the range of $23.55 – $24.00 in the current trading session. In the last 12 months the shares have traded between $19.19 and $27.50. The current session’s volume of 64,690 shares is lower than their average daily trading volume of 543,322 shares.

Will AWAY Continue To Move Higher? Find Out Here

Akamai Technologies, Inc. (NASDAQ:AKAM) shares in the current session moved up +0.54% reaching at $40.62. The stock traded in a range of $40.26 – $40.76. In the last year the stock has moved within a range of $25.90 – $42.53. The current session’s volume of 91,556 shares is lower from their average daily trading volume of 2.31 million shares.

Why Should Investors Buy AKAM After The Recent Gain? Just Go Here and Find Out

Another rival company OpenTable Inc (NASDAQ:OPEN) trading up +0.31% to $52.09. Intraday trading recorded the stock price in a range of $51.60 to $52.90. In the previous 52 weeks the stock’s price ranged between $33.53 and $55.95. The current session’s volume of 24,610 shares was lower from their average daily trading volume of 441,292 shares.

For How Long OPEN will Fight for Profitability? Read This Trend Analysis report

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