stocks

Facebook's stock is bouncing back -- for now

Don't look now, but Facebook shares have been on the rise for the last three trading days. Last Wednesday, the social network's stock stood at $27.24. It closed today at $31.41, a 15 percent rise in less than a week.

So far, Facebook has recovered more than $10 billion of the $35 billion in market capitalization it blew off following its disastrous IPO. Facebook's painful low of $25.52 -- just 12 days ago! -- is now starting to fade a bit.

There are many possible reasons for Facebook's recent rise. The company has … Read more

Microsoft seems to be excluding HTC from Windows

Microsoft is rumored to be edging HTC out of its next version of Windows software, according to Bloomberg. The reason being that the software giant is uneasy about HTC selling enough products or having enough experience making tablets.

This doesn't bode well for HTC's revenue outlook. According to Bloomberg, HTC's second-quarter sales forecast looks to be decreased by 13 percent. On top of that the company's stock has dropped 68 percent in the last year and it is failing on coming close to competing with Apple or Samsung in software or device manufacturing.

"Every consumer … Read more

Facebook's share price gets a 5 percent boost

It's not quite time to pop those champagne corks yet, but things for Facebook have taken a slight turn for the better as trading closed today.

The social network's stock was up by 5 percent after four straight days of losses, according to Reuters. Yesterday the market closed with Facebook's stock at $28.19, but today it rose by $1.41 to close at $29.60.

This is still a far cry from the initial starting price of $38 per share when the company started trading on the Nasdaq Stock Market two weeks ago.

Ever since Facebook … Read more

Facebook's collateral damage: Kayak's IPO

Although Facebook's initial public offering hurt investors and the social network's share price, there appears to be another victim of its troubles.

The Wall Street Journal is reporting today, citing sources, that online travel site Kayak decided against holding its "roadshow" with would-be investors around Memorial Day as planned, due to issues with Facebook's IPO. The Journal's sources say that Kayak is trying to determine the willingness in the investment world to drop cash into another Internet IPO.

If investors are concerned, it wouldn't be such a bad idea. Over the last year, … Read more

Facebook stock hits low before slight rebound

Facebook briefly hit another low today before rebounding.

Facebook's shares are up 0.7 percent to $29.05, up slightly from an earlier low of $28.25. Despite the slight gain, the stock is down nearly a quarter from its offering price of $38.

It's been a tumultuous ride for Facebook's stock and for any shareholders stuck with the stock at its offering price. Its first full week of trading ranked it as the worst performing IPO in a decade, and the stock fell below $30 for the first time yesterday.

The declines have largely stemmed from … Read more

Facebook shares drop to $29

Facebook's shareholders can't catch a break.

The company's stock today is trading down to $29.44, shedding $2.46, or about 8 percent, of its market-opening price. The decline comes the same day trading on Facebook was opened to the options market. According to Dow Jones, about 162,000 Facebook options were traded by 9 a.m. PT this morning.

Facebook's continuing decline has struck fear among investors, who wonder how low the company's shares might fall. Facebook went off earlier this month at $38, only to watch its stock plummet in subsequent days. At … Read more

Low Latency No. 24: Buyer's remorse

We're no economists here at Low Latency (and quite frankly we don't really understand the stock market), but if we could afford to invest in Facebook we'd certainly be upset about its 18-percent drop on day one. It's been falling steadily for a few days and the talk of Facebook's valuation being totally out of whack is now commonplace.

How ironic is it that a site that lets people mislead others about who they really are has its own identity crisis on Wall Street? … Read more

Tapping social media to track stocks

For better or worse, the buzz on social media could be your guide to when and how to trade stocks.

Since last summer, Derwent Capital Markets has been using Twitter sentiment to help drive its hedge fund, as its algorithms sort out the ups and downs of people's chatter on the social network.

Now, Derwent is ready to share that ability with you. The firm today announced it's working on an online retail trading platform with a "built-in social media sentiment analysis research tool" -- which will track social media data from Twitter, Facebook, and elsewhere … Read more

Facebook mulling change of stock exchange?

In the wake of its mishandled initial public offering on Nasdaq last week, Facebook is reportedly considering a proposal to switch its stock listing to the New York Stock Exchange.

Executives at the social network and the NYSE have exchanged phone calls and e-mails regarding a possible switch, a person familiar with the matter told Bloomberg. A Facebook representative declined to comment on the report, but NYSE representatives denied such negotiations were occurring.

"There have been no discussions with Facebook regarding switching their listing in light of the events of the last week, nor do we think a discussion … Read more