Connect with us

Archive

After the euphoric opening Facebook stock continues to slump

Published

on

The status of social media company Facebook with NYSE seem to be shifting from ‘in relationship’ to ‘its complicated’ as its stocks continued on a downward trend on the third day.

The stock closed just above $34 a share on Monday, leaving some analysts and their predictions of $50 to $90 a share searching for answers.

Financial analysts are seeing this trend as a setback, “This is very bad for Facebook short-term, mid-term, and even long-term,” Patrick Moorhead, an analyst with Moor Insights & Strategy told Computer World.

“In this new age, many people see stock-price and even IPO performance with determining how well the company is actually doing…. Facebook stock is absolutely, categorically struggling right now.”

Concerns are also being raised that Facebook might end up being the next Groupon, which had a strong IPO but then price made a downward movement, last Friday, Groupon’s stock was down 6% from its opening share price.

While fingers are being pointed in all directions, and Mark Zuckenberg’s hooded appearance being seen as lack of maturity, some analysits are of the opinion that he played the stock market well.

“All these people are complaining because there wasn’t a big price pop on the first days of trading, but a big price pop means that the company selling the stock left money on the table,” Dan Olds, an analyst with The Gabriel Consulting Group, said in an interview with Computer World.

“Facebook didn’t directly sell the stock to investors. They sold it to the investment banks, who bought the whole lot of it and then they sold it to the market. So the investment banks are the ones taking it on this one.”

Continue Reading
Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Archive

John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

on

Continue Reading

Archive

JSE Online Trading Platform

Published

on

Continue Reading

Archive

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

on

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

Continue Reading

Archive

UK Loses S&P Triple A Rating

Published

on

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Continue Reading

Archive

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

on

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

Continue Reading

Trending

0
Would love your thoughts, please comment.x
()
x