Tech Movers: Facebook Inc. (NASDAQ:FB), Yahoo! Inc. (NASDAQ:YHOO), Nokia Corporation (NYSE:NOK), BlackBerry Ltd. (NASDAQ:BBRY)



The Internet has had a strong reaction to Facebook Inc. (NASDAQ: FB) announcing on Tuesday that it will purchase Oculus VR for $2 billion. Some have wondered what would happen to the sex simulator that was created for Oculus Rift. While some think Facebook Inc. (NASDAQ: FB) buying Oculus would hinder the, well, reality of the sex simulator’s development, others joked that Facebook Inc. (NASDAQ: FB) would enable people to watch friends having virtual sex on the social media network. Facebook, Inc. (NASDAQ:FB) stock performance was 1.23% in last session and finished the day at $64.89. Traded volume was 68.13million shares in the last session and the average volume of the stock remained 58.13million shares. Facebook, Inc. (NASDAQ:FB) insider ownership is 0.60%.

Yahoo! Inc. (NASDAQ:YHOO) has stated that it will sell at least 9% of its stake in Alibaba securing a boatload of cash while reducing its stake to around 15%. Investors are now looking at what Yahoo! Inc. (NASDAQ:YHOO)’s tax liability will amount to as well as what will Yahoo! Inc. (NASDAQ:YHOO) do with the money. Yahoo! Inc. (NASDAQ:YHOO) dropped -2.04 percent to $35.93 Tuesday on volume of 31.55million shares. The intra-day range of the stock was $35.86 to $37.07. Yahoo! Inc. (NASDAQ:YHOO) has a market capitalization of $36.40billion.

Nokia Corporation (ADR) (NYSE:NOK) is restructuring its business, and analysts at RBC Capital Markets are watching over patent monetization and capital returns as further catalysts to push the stock price to their best case scenario of $11. Nokia Corporation (ADR) (NYSE:NOK)’s stock on Mar 25, 2014 reported a increase of 1.25% to the closing price of $7.31. Its fifty two weeks range is $3.02 -$8.20. The total market capitalization recorded $27.14billion. The overall volume in the last trading session was 18.54million shares. In its share capital, NOK has 3.71billion outstanding shares.

When BlackBerry Ltd. (NASDAQ: BBRY) opened up its popular messaging application, BlackBerry Ltd. (NASDAQ: BBRY), to iOS and Android last year, it more than doubled the user base in the first two months. The company said in its most recent earnings call that it had 80 million active users, with 60% of them using BlackBerry Ltd. (NASDAQ: BBRY) every day. On Tuesday, shares of BlackBerry Ltd. (NASDAQ:BBRY) dropped -0.21% to close the day at $9.36. Company return on investment (ROI) is -8.45% and its monthly performance is recorded as -4.78%. BlackBerry Ltd. (NASDAQ:BBRY) quarterly revenue growth is 29.64%.

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