Morning Technical Insight on these Internet Stocks -- Facebook, Fang, Groupon, and Meet Group
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Menlo Park, California headquartered Facebook Inc.'s shares rose slightly by 0.46%, finishing Tuesday's trading session at $156.11. A total volume of 42.04 million shares was traded, which was higher than their three months average volume of 33.23 million shares. The stock has advanced 9.90% over the past year. The Company's shares are trading below their 200-day moving average by 9.72%. Moreover, shares of Facebook, which provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide, have a Relative Strength Index (RSI) of 33.29.
On April 02nd, 2018, research firm Pivotal Research Group reiterated its 'Sell' rating on the Company's stock with a decrease of the target price from $152 a share to $138 a share.
On April 02nd, 2018, Facebook announced that its Q1 2018 financial results will be released after market close on April 25th, 2018. The Company will host a conference call at 5:00 p.m. ET that same day to discuss its results. The live webcast of the call can be accessed on the Company's Investor Relations website. Get the full research report on FB for free by clicking below at:
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Fang Holdings
On Tuesday, shares in Beijing, China-based Fang Holdings Ltd recorded a trading volume of 1.65 million shares. The stock ended the session 1.36% higher at $5.22. The Company's shares have gained 9.66% in the last month and 60.12% over the past year. The stock is trading 4.82% above its 50-day moving average and 21.76% above its 200-day moving average. Furthermore, shares of Fang, which operates a real estate Internet portal through which it provides e-commerce, marketing, listing, financial, and value-added services, have an RSI of 60.86.
On March 29th, 2018, Fang announced its unaudited financial results for Q4 and fiscal year ended December 31st, 2017. For Q4 2017, total revenues were $112.2 million, operating expenses were $51.9 million, and net income attributable to Company shareholders was $15.2 million. For the full year, total revenues were $444.3 million, operating expenses were $232.9 million, and net income attributable to Company's shareholders was $16.3 million. To experience our free membership services anytime/ anywhere and access the free report on SFUN, click to register at:
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Groupon
Shares in Chicago, Illinois headquartered Groupon Inc. closed at $4.26, climbing slightly by 0.24% from the last trading session. The stock recorded a trading volume of 4.88 million shares. The Company's shares have gained 8.40% over the past year. The stock is trading 8.57% below its 200-day moving average. Additionally, shares of Groupon, which operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally, have an RSI of 38.23.
On March 05th, 2018, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Equal-Weight'.
On March 09th, 2018, Groupon announced that it has renewed the lease for its Groupon Goods fulfillment center at 1081 Aviation Boulevard in Hebron, Kentucky. The new lease is for five years and runs until 2023. Join our big investor community at Wall St. Equities today and get your free report on GRPN at:
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Meet Group
New Hope, Pennsylvania headquartered The Meet Group Inc.'s stock ended 1.04% higher at $1.94. A total volume of 1.14 million shares was traded, which was above their three months average volume of 1.05 million shares. The Company's shares are trading below their 50-day moving average by 22.94%. Furthermore, shares of Meet Group, which owns and operates a social network for meeting new people primarily on mobile platforms in the US, have an RSI of 36.60.
On March 07th, 2018, Meet Group reported the financial results for its Q4 and full year ended December 31st, 2017. For Q4 2017, total revenue was $40.1 million, GAAP net loss was $67.7 million, and adjusted EBITDA was $10.5 million. For the full year, total revenue was $123.8 million, GAAP net loss was $64.2 million, and adjusted EBITDA was $31.6 million.
On March 08th, 2018, research firm ROTH Capital reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $4 a share to $3.25 a share. Know more about MEET in our free research coverage at:
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