Tech Sector Saved by Netflix (NASDAQ:NFLX) Gains, Facebook (NASDAQ:FB) Struggles to Stay Up

  on Dec 13,2012 Posted in Business News ,Featured
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Facebook Inc. (NASDAQ:FB) and Seagate Technology PLC (STX) ran out of gas on Wednesday, but the tech sector ticked up courtesy to rise in stock of Netflix Inc. (NASDAQ:NFLX)

Facebook Inc (NASDAQ:FB) moved down -1.43% and closed at $27.58 with the total traded volume of 46.70 million shares in last trading session. Its fifty two week range was $17.55-$45.00. The total market capitalization remained $59.75 billion.

Seagate (NASDAQ:STX) shares were trading lower following JP Morgan lowered its rating to underweight from neutral, mentioning possibly sluggish growth in the hard-drive segment.

Also in the bearish zone were shares of Facebook (FB), which surrendered more than 1% on Wednesday trading session. The social-networking tycoon’s stock has jumped up above 30% in the previous three months.

In last trading session, Seagate Technology PLC (NASDAQ:STX) dropped -3.14% and closed at $27.75 with the total traded volume of 10.17 million shares more than the average volume of 9.58 million. Stock’s 52 weeks high price was $35.71 and 52 weeks low price was $15.02

Savior of the day was Netflix (NASDAQ:NFLX ), which shares rallied above 5% following Morgan Stanley lifted its price target for the digital-video supplier to $105 from $80. Morgan Stanley referred to Netflix’s prospective to interrupt the long-standing premium-cable ecosystem.

Netflix, Inc.(NASDAQ:NFLX) added +5.40% with the closing price of $90.73. The overall volume in the last trading session was 7.84 million shares. Its fifty two week range was $52.81-$133.43. The total market capitalization remained $5.04 billion.

NFLX is ahead of its 52 week low with 71.80% and its last month’s price volatility remained 4.75%. Its beta coefficient was 0.56with a target price of $65.77. Company’s current year earnings per share grew with 40.42% while the five years EPS growth rate was +42.53%.

Google Inc (NASDAQ:GOOG)

The price of the stock moved up +0.10% and finished the day at $697.56 on above average volume. The day started out with a higher opening price of $699.23 versus prior close of $696.88. The total number of shares traded on the latest trading day was about 2.42 shares. The shares declined about 8.00% since the start of 2012 and has a 0.78% gain in last three months. Narrowing up the performance period, the stock rose 4.75% for the month and a 1.42% gain over the week.

Apple Inc. (NASDAQ:AAPL)

With the latest lose of -0.44%, it now has YTD performance +34.27% which for the week is positive at 0.04%. The company will report lower sales for the Quarter ending Dec-12, according to 42 analysts polled by Reuters. On average, they believe sales will arrive at $54,583.50 from $44,155.50 posted in the same quarter last year. The average sales forecast of 52 analysts for the full-year is $156,274.00.





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