Monday, September 24, 2012

Facebook Inc (NASDAQ:FB) Plunges 5% On Pessimistic Note- FB, NFLX, NOK, CTIC

Facebook Inc(NASDAQ:FB)’s shares are hitting hard this morning as the stock slumped 5.50% after the recent gains as Baron’s released a price target of $15 on the stock over the weekend. The article stated that Facebook and its CEO Mark Zuckerberg were not ready for the rapid shift to mobile and it will not be an easy task for the company to play catch-up.

Also, investors need to catious ahead of another lock-in in October.

Netflix, Inc.(NASDAQ:NFLX) is down about 2% Netflix's new user interface experience popped up on Android tablets last year before progressing to the iPad and finally iPhones just last week, but now the company officially announced it's completing the circle by pushing it to Android phones.

As seen on other devices, it's focused on larger artwork, and offers the ability to scroll through many more titles, as well as search its streaming library from anywhere within the app.

Will NFLX Rebound After The Recent Turmoil? Find Out Here

Nokia Corporation (ADR)(NYSE:NOK) extended losses on Monday and fell another 2.50% to $2.70. The stock has been under selling pressure over the success of Apple’s iPhone 5, which has witnessed a sale of 5 million iPhone during the opening week.

Cell Therapeutics Inc(NASDAQ:CTIC) rose over 5% the company’s pacritinib drug showed encouraging anti-tumor activity and good tolerability in 34 patients with relapsed or refractory lymphoma in a Phase I trial. Pacritinib has already performed well in Phase II studies for patients with myelofibrosis, and the company intends to carry out Phase III trials for this bone-marrow illness.

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