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



Twitter Inc (NYSE:TWTR) plunged 9% as restrictions on selling roughly 82 percent of the company’s outstanding equity has been lifted, sparking a selloff in social-media companies. About 480 million shares from Twitter insiders have become eligible for sale, for the first time since the San Francisco-based company’s initial public offering in November. Twitter Inc (NYSE:TWTR) stock performance was 4.24% in last session and finished the day at $ 31.96. Traded volume was 50,808,704 shares in the last session and the average volume of the stock remained 15,582,600 shares. Twitter Inc (NYSE:TWTR) insider ownership is 4.30%.

Facebook (NASDAQ:FB) was upgraded by Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a $87.00 price objective on the stock, up from their previous price objective of $65.00. Facebook (NASDAQ:FB) rose/dropped 1.10%to $ 56.76yesterday on volume of 60,380,115shares. The intra-day range of the stock was $ 56.50 – 58.8. Facebook (NASDAQ:FB)has a market capitalization of $ 145.67 billion.

Zynga Inc (NASDAQ:ZNGA)’s VP Devang Shah sold 2,360 shares of the company’s stock on the open market in a transaction dated Monday, May 5th. The shares were sold at an average price of $3.86, for a total value of $9,109.60. Zynga Inc (NASDAQ:ZNGA)’s stock on May 8, 2014 reported a decrease of 0.56% to the closing price of $ 3.54. Its fifty two weeks range is $ 2.50 – 5.89. The total market capitalization recorded $ 3.13 billion. The overall volume in the last trading session was 17,901,781 shares. In its share capital, Zynga Inc (NASDAQ:ZNGA) has 884.46 million outstanding shares.

Renren Inc (NYSE:RENN), a leading social networking firm in China and served as the head of investor relations from 2011 to 2013. From 2009 to 2011, Mr. Lawn served as a research equity analyst at Oppenheimer and Co., a leading full-service boutique investment bank where he covered Internet, online gaming, and media companies in the Chinese ADR market. On Friday, shares of Renren Inc (NYSE:RENN) advanced 0.61% to close the day at $ 3.28. Company return on investment (ROI) is -10.30% and its monthly performance is recorded as -1.80%. Renren Inc (NYSE:RENN) quarterly revenue growth is 2.18%.

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