Tech Movers: Facebook Inc (NASDAQ:FB), Zynga Inc (NASDAQ:ZNGA), Nokia Corporation (ADR) (NYSE:NOK), Baidu Inc (ADR) (NASDAQ:BIDU), Twitter Inc (NYSE:TWTR)

Technology Stocks News 9

Facebook Inc (NASDAQ:FB) CTO Michael Todd Schroepfer sold 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $63.53, for a total value of $1,270,600.00. Following the completion of the transaction, the chief technology officer now directly owns 182,485 shares in the company, valued at approximately $11,593,272. Facebook Inc (NASDAQ:FB) stock performance was 0.02% in last session and finished the day at $65.78. Traded volume was 44.24million shares in the last session and the average volume of the stock remained 66.30million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.50%.

Troubled online game company Zynga Inc. (NASDAQ:ZNGA) has been beat up by investors, almost since it went public. However, the short interest in the stock fell 7.6% to 58.5 million. Zynga Inc (NASDAQ:ZNGA) dropped -0.62 percent to $3.18 Wednesday on volume of 21.97million shares. The intra-day range of the stock was $3.11 to $3.25. Zynga Inc (NASDAQ:ZNGA) has a market capitalization of $2.81billion.

Nokia Corporation (ADR) (NYSE:NOK) has introduced two new Lumia smartphones – Lumia 636 and Lumia 638. The smartphones have been launched in China at the price of CNY 1,300 ($210) approx.. Both the smartphones support TD LTE network and are compatible with international LTE for roaming as well. Nokia Corporation (ADR) (NYSE:NOK)’s stock on June 11, 2014 reported a decrease of -0.12% to the closing price of $8.05. Its fifty two weeks range is $3.42 -$8.20. The total market capitalization recorded $29.90billion. The overall volume in the last trading session was 14.69million shares. In its share capital, NOK has 3.79billion outstanding shares.

Alibaba Group Holding Ltd said Wednesday it has completed the biggest merger in the history of China’s internet by buying all the remaining shares of mobile browser firm UCWeb. Alibaba confirmed the deal in a post on its microblog, Reuters reported today, noting the valuation for UCWeb surpasses the $1.9 billion paid by Baidu Inc. (BIDU) for 91 Wireless last year as China’s biggest Internet deal. On Wednesday, shares of Baidu Inc (ADR) (NASDAQ:BIDU) advanced 2.42% to close the day at $176.51. Company return on investment (ROI) is 16.70% and its monthly performance is recorded as 10.40%. Baidu Inc (ADR) (NASDAQ:BIDU) quarterly revenue growth is 1.34%.

Twitter Inc (NYSE:TWTR) is considering a shake-up in its top management, including a possible shift in the duties of chief operating officer (COO) Ali Rowghani, technology news site Re/code reported, citing sources familiar with the matter. Twitter Inc (NYSE:TWTR) stock performance was 0.48% in last session and finished the day at $35.54. Traded volume was 30.02million shares in the last session and the average volume of the stock remained 21.56million shares. Twitter Inc (NYSE:TWTR) insider ownership is 0.90%.

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