Active Movers: Facebook Inc (NASDAQ:FB), Idenix Pharmaceuticals Inc (NASDAQ:IDIX), Sirius XM Holdings Inc. (NASDAQ:SIRI), General Electric Company (NYSE:GE)

Technology Stocks News 17

Mark Zuckerberg and other members of Facebook Inc (NASDAQ:FB)’s board have been sued by a shareholder who claimed a policy letting them annually award directors more than $150 million of stock each if they choose is unreasonably generous. Facebook Inc (NASDAQ:FB) stock performance was 0.61% in last session and finished the day at $62.88. Traded volume was 37.62million shares in the last session and the average volume of the stock remained 66.18million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.50%.

Merck & Co said it has agreed to buy Idenix Pharmaceuticals Inc (NASDAQ:IDIX) in a deal valued at about $3.85 billion. Idenix Pharmaceuticals Inc (NASDAQ:IDIX) rose 229.05 percent to $23.79 Monday on volume of 41.11million shares. The intra-day range of the stock was $23.53 to $24.21. Idenix Pharmaceuticals Inc (NASDAQ:IDIX) has a market capitalization of $3.59billion.

Sirius XM Holdings Inc. (NASDAQ:SIRI)’s share trading has bagged vehement momentum off late, pumped up by the exquisite quarterly results that the company has portrayed. On April 24, 2014, SIRI announced its Q1-2014 operating and financial results. Quarterly revenues surged up by $998 million, increasing from its Q1-2013 estimate of $897, thus increasing by 11%, year-over-year. However, earnings per share stayed flat, at $0.02 per diluted share in Q1-2014 as in 2013, a year ago. Sirius XM Holdings Inc. (NASDAQ:SIRI)’s stock on June 09, 2014 reported a increase of 0.30% to the closing price of $3.37. Its fifty two weeks range is $2.98 -$4.18. The total market capitalization recorded $20.27billion. The overall volume in the last trading session was 36.87million shares. In its share capital, SIRI has 6.03billion outstanding shares.

General Electric Co. will spend $73 million and hire more than 80 people, mostly engineers, for a new technology center at its Greenville complex. On Monday, shares of General Electric Company (NYSE:GE) advanced 0.96% to close the day at $27.44. Company return on investment (ROI) is 3.20% and its monthly performance is recorded as 3.78%. General Electric Company (NYSE:GE) quarterly revenue growth is 5.38%.

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