facebook stock gains- Money Morning - Only the News You Can Profit From.
-
Top News
Facebook Stock is Up 24% this Month – Will it Keep Going?
Facebook stock finally has been acting like it was expected to after its hugely hyped initial public offering in May: It's rising.
In a stark about-face, the stock has advanced more than 24% in November, after falling 50% from its IPO price over the previous five months.
The FB rally was pronounced Monday, with shares of the social networking giant closing up 8.09%.
In addition, it has logged better returns than the S&P 500 by 24 percentage points over the last 60 trading sessions.
What sparked the rise was an upgrade from Bernstein Research's Carlos Kirjner, who has been one the biggest bears of the bunch covering Facebook. Kirjner said most analysts are presently underestimating the world's largest social network's potential.
Kirjner upped FB stock to "Outperform" from "Market Perform," and hiked its price target to $33 from $24. He maintains Facebook's revenue will increase over the next year or two from its new mobile advertisements and new e-commerce businesses such as Facebook Gifts and its promote-to-post program.
To continue reading, please click here... -
Facebook Stock Gains, But Rival Threatens Market Share
Look out, Facebook: LinkedIn Corp. (NYSE: LNKD) is inching into your territory.
As Facebook stock (Nasdaq: FB) keeps climbing from its all-time low last week of $17.55 a share, business-oriented networking site LinkedIn has introduced some new features that resemble those of Facebook.
LinkedIn last week rolled out a new notification system and launched an update for its iPhone, iPad and Android apps. The updates now inform a member when someone likes or comments on one of their status updates - just like Facebook, the social networking leader.
In the past LinkedIn only sent notifications if someone sent a member a message or extended an invitation to become a connection.
In a statement, the company gushed, "You'll never miss a comment or update to an engaging discussion about a news article or trending topic on LinkedIn."
LinkedIn's head of mobile products Joff Redfern said in an interview that the update will also let a member peruse company pages and job postings on smartphones and tablets. According to Redfern, users requested the feature so they could covertly browse for jobs while at work.
The latest moves highlight how LinkedIn is morphing from a headhunting and career-networking site into something bigger. Facebook big.
To continue reading, please click here...
