Facebook Inc. (NASDAQ:FB) will acquire two-year-old Oculus VR Inc., a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal. On last trading day Facebook Inc. (NASDAQ:FB) ended up 1.23%higher to close at $64.89 while trading in the range of $63.78 – $66.19. Its return on assets (ROA) is 9.40% while return on investment (ROI) is 9.70%.Facebook Inc. (NASDAQ:FB) monthly performance is -8.32%.
Yahoo! Inc. (NASDAQ:YHOO) stock was one of the biggest decliners on the NASDAQ and one of the most active stocks. Yahoo! will be selling 10% of Alibaba in the public offering, which is set to take place in the latter part of the year. And Yahoo! will be keeping a 14% stake in Alibaba. Yahoo! Inc. (NASDAQ:YHOO) in last trading activity ended up at $35.93 with day range of $35.86 – $37.07. Company weekly performance is -8.92% while its quarterly performance stands at -10.44%.Yahoo! Inc. (NASDAQ:YHOO) is -13.88% away from its 52 week high.
Intel Corporation yesterday announced that it has completed the acquisition of BASIS Science Inc., a privately held company and a leader specializing in wearable device technologies for health and wellness applications. Intel Corporation (NASDAQ:INTC) belongs to Technology sector with market capitalization of 126.61 billion and has 0.07% insider ownership. In last trading activity company’s stock closed at $25.46 while opening price was $25.19.
AT&T Inc. (NYSE:T) has expanded the nation’s most reliable 4G LTE network in Sweetwater, bringing more customers the latest generation of wireless network technology. AT&T launched 4G LTE in Abilene in September 2013, and the expanded coverage is part of its ongoing rollout across the market. On Tuesday shares of AT&T Inc. (NYSE:T) opened at $34.38 and closed at $34.72. This year Company’s Earnings per Share (EPS) growth is 3.40 and next year’s estimated EPS growth is 4.75%. Analysts mean target price for AT&T Inc. (NYSE:T) is $35.61.