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News Byte

Facebook Closes Down 11 Percent in Second Day of Trading

Mike Isaac in Social on May 21 at 1:06 pm PT

Shares of Facebook stock sank 4.2 points in their second day of trading on the Nasdaq, ending the day at $34.03, a somewhat expected downturn after a lackluster start last Friday. The stock opened at around ten percent under where it closed on Friday, most likely due to lack of underwriter support in propping prices up by exercising the “greenshoe” option.

After Strong Quarter, Groupon Starts Looking Like a Deal Again

Tricia Duryee in Commerce on May 15 at 1:29 pm PT

Even though Groupon continues to carry the warning that its financial processes are weak, a handful of analysts upgraded the company to a buy rating today, and investors sent the stock climbing.

Hangin’ Tough: Groupon’s Stock Closes in Single Digits for First Time

Tricia Duryee in Commerce on May 4 at 3:12 pm PT

Selling a pair of tickets to see New Kids on the Block for $10,000 today didn’t stop Groupon’s stock from closing below $10 a share.

News Byte

Analysts Give Yelp a Lukewarm Review

Tricia Duryee in Commerce on April 11 at 4:20 pm PT

Now that Yelp’s quiet period has expired, analysts have started to issue their first report cards. The results are unanimous: Out of four reports issued by Jefferies, Citi, Goldman Sachs and Oppenheimer, there are zero buy recommendations, Forbes writes. But that’s because the company’s stock price, which has soared 72 percent since last month’s IPO, hovers near or above all of the analysts’ price targets. Today, the stock fell 38 cents, or 1.5 percent, to close at $25.43 a share.