« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Facebook catches more flak with new sell call 

By: Decomposed in ROUND | Recommend this post (1)
Mon, 04 Jun 12 9:53 PM | 45 view(s)
Boardmark this board | De's Test Board
Msg. 41724 of 45651
Jump:
Jump to board:
Jump to msg. #

FB is now trading just above $26.50 (which is a new low.) 

June 4, 2012, 12:18 p.m. EDT

Facebook catches more flak with new sell call
Analyst poses questions about growth; stock overhang also a factor

By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) — Facebook Inc. got another slap in the proverbial face Monday, when a Bernstein Research analyst raised questions about the company’s revenue and business-growth opportunities as he initiated coverage of the social-networking giant.

Analyst Carlos Kirjner assigned a rating of underperform, or sell, and set a price target of $25 a share. He ranks as one of the first major analysts to take such a glum view of Facebook.

Following the release of Kirjner’s report, Facebook fell another 89 cents, or 3.2%, at $26.83 in midday trading, leaving the company’s shares more than 29% lower since going public at $38 on May 18.


More: http://www.marketwatch.com/story/more-facebook-disappointment-in-the-offering-2012-06-04




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




» You can also:
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next