Tech Movers: Facebook Inc (NASDAQ:FB), Intel Corporation (NASDAQ:INTC), Sprint Corporation (NYSE:S), AT&T Inc. (NYSE:T)

Technology Stocks News 5

Losses April 25 were heaviest in technology companies that have posted the biggest gains of the five-year bull market. Facebook Inc. (NASDAQ:FB), which doubled in 2013, and Netflix Inc, which almost quadrupled, slid more than 5 per cent. Facebook Inc (NASDAQ:FB) stock performance was -5.19% in last session and finished the day at $57.71. Traded volume was 92.50million shares in the last session and the average volume of the stock remained 70.18million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.50%.

Co-lead Class Counsel and Defendants Counsel write jointly to inform theCourt that Plaintiff and remaining Defendants – Adobe Systems Inc, Apple Inc., Google Inc. and Intel Corporation (NASDAQ:INTC) – have reached agreement to settle all individual and class claims alleged in the Consolidated Amended Complaint. Chuck Mulloy, spokesman of Intel Corp., said the company decided to settle “to avoid the risks, burdens and uncertainties of ongoing litigation.” The terms of the settlement are currently non-public. Intel Corporation (NASDAQ:INTC) dropped -1.83 percent to $26.26 Friday on volume of 33.62million shares. The intra-day range of the stock was $26.18 to $26.72. Intel Corporation (NASDAQ:INTC) has a market capitalization of $130.43billion.

Neutgens is teamed up with parter and CEO Wayne Mathisen, who formerly served as director of mergers and acquisitions for Sprint Corporation (NYSE:S) and also has experience leading the former Embarq’s corporate fleet and real estate groups. Sprint Corporation (NYSE:S)’s stock on Apr 25, 2014 reported a decrease of -2.98% to the closing price of $7.82. Its fifty two weeks range is $5.15 -$11.47. The total market capitalization recorded $30.78billion. The overall volume in the last trading session was 20.72million shares. In its share capital, S has 3.94billion outstanding shares.

AT&T Inc. (NYSE:T) plans a major expansion of super-fast Internet services to cover as many as 100 municipalities in 25 metropolitan areas. On Friday, shares of AT&T Inc. (NYSE:T) dropped -0.03% to close the day at $34.49. Company return on investment (ROI) is 12.80% and its monthly performance is recorded as 0.97%. AT&T Inc. (NYSE:T) quarterly revenue growth is 4.55%.

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