Facebook Inc. (NASDAQ:FB) has a voracious appetite as far as news is concerned. After its first stint with news in the sidebar a year back, FB has taken news seriously. It is planning a news app Notify which will give out real-time news to all the Facebook users, on subscription. The news will be supplied from multiple sources which are called stations for FB. With notify, FB will enter the news segment in-depth, and offer more insights into news. Combining news with user customized feeds; FB will surely win several hearts.
But, the stocks for FB intraday trading are telling another story altogether. Stocks for the company saw a large outflow of money, which resulted in a negative net money flow at $-17.76. There was an uptick of $479.99 Mn in the inflow of money, which was slightly lower than the downtick experienced in the outflow of the money recorded at$497.75 Mn. This changed the whole trading game for Facebook on Thursday. The up/down ratio was recorded below 1 at 0.96 owing to the large outflow of money.
Equity analysts have been watching the company for a while now, and have maintained an outperform rating for the company. In a recent rating analysis, the price target for the company was increased from $110 per share to $115 per share. The short term mean price target for the company given by the analysts is $113.42, while the higher and lower price targets have been maintained at $146 and $92 respectively. The 52 week high and 52 week low for the company have been recorded at $99.24 and $70.32 respectively. Friday’s trading session for the company opened at $96.18, and currently the stocks are at $96.85, slightly higher than the opening price.
Intel Corporation (NASDAQ:INTC) recently reported the Q3 earnings, and it seemed to fare better than what was anticipated by the analysts. For a while, Intel was dependent on the PC markets, but slowly it is planning on moving on to other segments and platforms too. The 6th Gen Intel Core Processor will come with 3D XPoint Technology, which will revolutionize the tech world. On Friday, the markets for Intel opened at $32.75 and are currently trading at $33.08. The market capitalization for the company has been recorded at $157.7 Bn.
The two companies, Facebook and Intel have made a shift in its core, and this will definitely reflect in the investors’ reactions towards the share for the two companies.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
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