Facebook (NASDAQ:FB) Finds Resistance; Twitter (NYSE:TWTR) Trading Higher

FB Nasdaq FB Facebook

Facebook (NASDAQ: FB) shares are trading lower by $0.43 at $71.14 in Thursday’s trading. For the second day in a row, the contract has found resistance just under $72.00. After reaching $71.97 on Wednesday, FB stopped just shy of that level at $71.89 before retreating to $70.98.

Facebook (NASDAQ:FB)’s stock on March 6, 2014 was down .73% trading at $71.04 mid afternoon. Its fifty two week range is $22.67 – $71.97. The company’s total market capitalization stands at $180.96 billion. The total volume in the last trading session reached 24 million compared to it’s average volume of around 63 million. Facebook (NASDAQ: FB) has 2.55 billion outstanding shares.

Twitter (NYSE: TWTR) shares are trading higher by $1.27 at 55.65 in Thursday’s trading. Earlier in the session, the issue traded to $56.09, retreating to $55.11 before resuming its rally. The intraday high coincides with its February 28 high ($56.00).

Twitter (NYSE:TWTR)’s stock on March 6, 2014 was up 2.52% trading at $55.75 mid afternoon. Its fifty two week range is $38.80 – $74.73. The company’s total market capitalization stands at $30.36 billion. The total volume in the last trading session reached 15 million compared to it’s average volume of around 16 million. The company has 544.7 million outstanding shares.

Mid-Day Market Update: Costco Shares Decline After Weak Quarterly Results; Stage Stores Spikes Higher

Staples (NASDAQ: SPLS) reported weaker-than-expected fiscal fourth-quarter earnings and announced its plans to close 225 stores by 2015. Staples posted its quarterly earnings of $212 million, or $0.33 per share, up from $90 million, or $0.14 per share, in the year-earlier quarter. On an adjusted basis, it earned $0.33 per share, versus analysts’ estimates of $0.38 per share. Its sales fell to $5.87 billion from $6.57 billion. For the first quarter, Staples projects its sales to drop from the year-earlier period. It also expects earnings of $0.17 to $0.22 per share. Staples also announced its plans to pay a Q1 dividend of $0.12 per share.

Costco Wholesale (NASDAQ: COST) was down, falling 2.84 percent to $113.16 after the company reported a 15% drop in its fiscal second-quarter profit.

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