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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