The stocks of Facebook Inc (NASDAQ:FB) were trading low on the last business day, August 27, 2014 when the analyst at Janny Capital Market, Tony Wible, lowered the ratings of the tech giant, Facebook Inc (NASDAQ:FB). The analyst changed the ratings on the basis of the decreased user metrics. The researcher was of the opinion that the lowered user metrics of the social networking side can affect its stock prices.
The Standard & Poor’s 500’s IT-index decreased by 0.20 percent on August 26, 2014.
Tony Wible changed the ratings of Facebook Inc (NASDAQ:FB) from a ‘buy’ to ‘neutral’. The analyst said that although Facebook was seeing a positive growth up till now, chances are that its face value will drop in the year 2015 due to the decreased MAUs (monthly active users) and management’s involvement in the company’s growth.
The researcher further said that the metrics have already affected the company’s stocks; the stocks prices are not increasing, despite the upbeat financial results that Facebook is posting.
The shares of Facebook Inc (NASDAQ:FB) tumbled down by 1.5 percent when the news of changed ratings hit the market.
Facebook Inc (NASDAQ:FB), on the last trading day, August 27, 2014, started its stocks at a price of $75.27 and closed at a decreased price of $74.63. The intraday range for the company’s stocks was recorded to be from $74.46 to $75.49. The company has a market capitalization of $197.5 billion with a price to earnings ratio of 81.07.
Moreover, the stocks of Netflix, Inc (NASDAQ:NFLX) also saw a decline of 0.97 percent when two companies, Shaw Communications and Rogers Communications, announced that they will introduce their video streaming services in the region of Canada.
The stocks of Netflix, Inc (NASDAQ:NFLX), during the last trading session, August 27, 2014, started at a price of $479.40 and closed at a much decreased price of $474.70. The intraday for company’s stocks was recorded to be from $473.63 to $480.24. The company has a market capitalization of $28.81 billion with a price to earnings ratio of 142.69.
The Nasdaq Composite was at its lowest, 4, 571, whereas the Philadelphia Index entered into the Red zone.
Microsoft Corporation (NASDAQ:MSFT) also saw a decrease of 0.30 percent in its stock prices
The company, on the last trading day, started its stocks at a price of $44.90 and closed at a price of $44.87. The company has a total market capitalization of $370.83 billion with a price to earnings ratio of 17.05. As far as the dividend yield of the company’s stock is concerned, the figures are recorded to be around 2.50 percent.
Apple Inc (NASDAQ:AAPL), on the other hand, saw an increase of 25 cents in its share prices. The stock of Apple reached to $101.11 on the last trading day when Bloomberg reported that the tech giant will introduce its new iPad in the market by the mid of the year 2015; the new iPad will have a diagonal length of 13 inches.