Morning News Roundup - Facebook Inc (NASDAQ:FB), Target Corporation, J.C. Penney Company, Morgan Stanley

New York, NY -- (SBWIRE) -- 02/28/2013 -- Facebook Inc (NASDAQ:FB) declined 1.90% with the closing price of $26.87. The overall volume in the last trading session was 44.29 million shares. Its fifty two week range was $17.55-$45.00. The total market capitalization remained $64.01 billion.

FB is ahead its 52 week low with 53.11% and its last month price volatility remained 3.10%. Its beta coefficient was 2.17 with a target price of $33.59. In its share capital FB has 2.38 billion outstanding shares while 1.64 billion shares have been floated in market. FB has insider ownership of 1.30% with its institutional ownership remained 47.27%.

Has FB Found The Bottom and Ready To Move Up? Find Out Here

Target Corporation (NYSE:TGT) offered a vigilant outlook for consumer spending in 2013 following a weak holiday quarter and said it was on way with its immense Canadian store opening plans this year. The discount retailer's fourth-quarter profit fell short of Wall Street anticipations as the number of purchases plunged 1 percent, the first such drop in 14 quarters.

In the last trading session, Target Corporation (NYSE:TGT) plunged -1.45% to close at $63.12 and its total traded volume was 13.62 million shares.

Why Should Investors Buy TGT After the Recent Fall? Just Go Here and Find Out

J.C. Penney Company, Inc. (NYSE:JCP) declared financial results for its fiscal fourth quarter and full year ended February 2, 2013. For the quarter, JC Penney reported a net loss of $552 million or $2.51 per share. The Company's adjusted net loss for the quarter was $427 million or $1.95 per share.

In the last trading session, J.C. Penney Company, Inc. (NYSE:JCP) surged +0.67% and closed at $21.16 with the overall traded volume of 15.71 million shares.

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

Morgan Stanley (NYSE:MS) declared that it has decided to sell its European stock plan services business to Computershare Ltd. for $48.5 million. The deal is estimated to be accomplished in May. Morgan Stanley will endure to provide trade implementation to clients of the business after the sale, the New York-based bank said in a separate statement.

Morgan Stanley (NYSE:MS) surged +2.05% to close at $22.90 and its total traded volume in the last trading session was 18.05 million shares.

What was the Moving Force behind MS On Bullish Run? Read This Research Report on MS

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