Facebook Inc (NASDAQ:FB) was upgraded by stock analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a $87.00 target price on the stock, up from their previous target price of $65.00. Facebook Inc (NASDAQ:FB) stock performance was 0.85%in last session and finished the day at $57.24. Traded volume was 52,452,212 shares in the last session and the average volume of the stock remained 70.19million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.50%.
Newly minted IPO shares in social media giant Twitter Inc (NYSE:TWTR) rapidly declined in value in front of the lockup expiration. A lockup period is designed to protect investors from nefarious stock marketing efforts by underwriters and management. Lockups often have several tranches and 180 days is a key expiration that most investors closely monitor. Significant inventory can come on the market from management, staff and pre-IPO investors at 180 days. Twitter Inc (NYSE:TWTR) Rose 0.28% to $32.05 yesterday on volume of 31,782,048 shares. The intra-day range of the stock was $31.75 – 33.11. Twitter Inc (NYSE:TWTR) has a market capitalization of $ 18.27 billion.
Zynga Inc (NASDAQ:ZNGA stock is tumbling, moving in sympathy with fellow social games developer King Digital. By midday, shares of Zynga were down 6.2% to $3.48, while King had dropped 11.8% to $16.54. Zynga Inc (NASDAQ:ZNGA)’s stock on May 9, 2014 reported a decrease of -1.69% to the closing price of $3.48. Its fifty two weeks range is $2.50 – 5.89. The total market capitalization recorded $ 2.90 billion. The overall volume in the last trading session was 14,215,949 shares. In its share capital, Zynga Inc (NASDAQ:ZNGA) has 884.46 million outstanding shares.
The online professional networking service provider reported a better-than-expected 45.7% increase in Q1 2014 revenue to $473.2 million, versus the $466.6 million expected by analysts on average, as polled by Reuters. Revenue from the U.S. totaled $284.9 million, and represented 60% of total revenue in the first quarter of 2014. LinkedIn Corp (NYSE:LNKD) reported non-GAAP EPS of $0.38, which also surpassed the expectations of $0.34. On Friday, shares of LinkedIn Corp (NYSE:LNKD) advanced 2.50% to close the day at $148.69. Company return on investment (ROI) is 1.00% and its monthly performance is recorded as -15.60%. LinkedIn Corp (NYSE:LNKD) quarterly revenue growth is -29.06%.