Social Stocks In Focus: Facebook Inc (NASDAQ:FB), Zynga Inc (NASDAQ:ZNGA), Twitter Inc (NYSE:TWTR), Renren Inc (NYSE:RENN)

Technology Stocks News 6

MKM Partners sees little demand for BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)’s hardware. Since the $19 billion acquisition of WhatsApp by Facebook Inc (NASDAQ:FB), speculations around a potential sale of BBM have grown. Chen said he is not looking to sell BBM immediately, at least not until the platform begins to boast of a strong user base. Facebook Inc (NASDAQ:FB) stock performance was 0.97% in last session and finished the day at $60.97. Traded volume was 5,004.00million shares in the last session and the average volume of the stock remained 59.85million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.60%.

Zynga Inc (NASDAQ:ZNGA) was the recipient of unusually large options trading on Thursday. Traders bought 77,357 call options on the stock, Analyst RN reports. Zynga Inc (NASDAQ:ZNGA) dropped -3.66 percent to $4.47 Thursday on volume of 100.00million shares. The intra-day range of the stock was $4.36 to $4.63. Zynga Inc (NASDAQ:ZNGA) has a market capitalization of $3.92billion.

One of the biggest upward movers on the Big Board today is Twitter Inc (NYSE:TWTR), which has advanced 3.8% to $46.13 amid chatter of a new music strategy expected to debut this week. Twitter Inc (NYSE:TWTR)’s stock on Mar 27, 2014 reported a increase of 4.25% to the closing price of $46.32. Its fifty two weeks range is $38.80 -$74.73. The total market capitalization recorded $27.25billion. The overall volume in the last trading session was 3,410.00million shares. In its share capital, TWTR has 362.62million outstanding shares.

The Chinese networking website was seen as such a can’t-miss stock on Wall Street that its initial public offering fetched a price that made the company more than twice as valuable as Facebook Inc. At $14 a share, Renren Inc (NYSE:RENN) debuted at a level equal to 72 times annual sales. On Thursday, shares of Renren Inc (NYSE:RENN) close the day at $3.18. Company return on investment (ROI) is -8.40% and its monthly performance is recorded as -7.29%. Renren Inc (NYSE:RENN) quarterly revenue growth is 6.00%.

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