Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,492.86 -21.51 -0.13%
S&P 500 1,877.03 -2.52 -0.13%
NASDAQ 4,135.17 -26.29 -0.63%
Ticker Volume Price Price Delta
STOXX 50 3,175.97 -23.72 -0.74%
FTSE 100 6,674.74 -7.02 -0.11%
DAX 9,544.19 -55.90 -0.58%
Ticker Volume Price Price Delta
NIKKEI 14,546.27 157.50 1.09%
TOPIX 1,173.81 11.31 0.97%
HANG SENG 22,509.64 -221.04 -0.97%

Google Chairman Plans to Sell More Than 40% of His Stake in Company Which Could Have an Impact in U.S. Markets



  Google Chairman Plans to Sell More Than 40% of His Stake in Company Which
                     Could Have an Impact in U.S. Markets

PR Newswire

NEW YORK, February 11, 2013

NEW YORK, February 11, 2013 /PRNewswire/ --

On Friday, Google's Chairman Eric Schmidt announced that he plans to sell up
to 3.2 million shares, which at Google's current price could mean a $2.5
billion windfall. Schmidt has a 2.3% stake in the company with 7.6 million
shares. On Friday Google shares closed up $11.42 at $785.37.

Whether bull or bear The Stock Freak has got you covered! Sign up to receive
our free newsletters and stay up to date with stocks on the run.
http://www.TheStockFreak.com    

LinkedIn Corporation (NYSE: LNKD) - On Friday LNKD shares soared to a new
all-time high at $151.89. The Company has now more than tripled in price since
its IPO in May of 2011 when the stock was $45.00. The stock rose $26.39 (or
21.27%) to close at $150.48 on Friday. The Company has beat Wall Street
estimates for seven quarters in a row. The online professional-networking
service reported results for the fourth quarter that yet again exceeded
analysts' projections. Revenue rose a better-than-expected 81 percent from a
year ago to $303.6 million. Net income gained 60% to $11.5 million from $6.9
million in the year-earlier period. Volume traded on Friday was 13,917,120 in
comparison to an average of 1,784,790. On January 28^th, a director in the
Company bought 1,500 shares.

Moody's Corp. (NYSE: MCO) - Moody's Corp. fell 7.7% on Friday despite
reporting strong earnings. The Company's fourth-quarter net income jumped 66
percent and revenue exceeded expectations. For the quarter ended Dec. 31, the
New York Company earned $160.1 million, or 70 cents per share, up from $96.2
million, or 43 cents per share, in the same quarter last year. Revenue jumped
33 percent to $754.2 million, which topped Wall Street expectations for
revenue of $687.1 million in revenue, according to FactSet. The Obama
administration accused MCO's rival Standard & Poor last week of refusing to
warn investors that the housing market was collapsing in 2006. Trading volume
for MCO was roughly seven times higher than average on Friday.

EnteroMedics Inc. (Nasdaq: ETRM) - shares of ETRM saw a huge fall on Friday
with the stock closing down more than 55%. Shares tumbled after news was
released that top line Phase III study results has failed from the Company's
randomized ReCharge Pivotal Trial of VBLOC vagal blocking therapy for the
treatment of obesity. The Company hit a new 52-week low of $1.19 on Friday on
15,087,852 shares traded. Average volume for the stock is 330,976.
EnteroMedics Inc., a clinical development stage medical device company,
focuses on the design and development of devices that use neuroblocking
technology to treat obesity, metabolic diseases, and other gastrointestinal
disorders.

FleetCor Technologies, Inc. (NYSE: FLT) - FLT was one of the most active
stocks trading on the NYSE on Friday with the stock setting a new 52-week high
of $68.23. The stock traded on unusually high trading volume with roughly five
times higher than average volume at 3,410,116. The Company reported revenues
last Thursday. For the quarter ended Dec. 31 (Q4), FleetCor Technologies beat
expectations on revenues and beat expectations on earnings per share. Shares
on Friday closed at $66.01, up 6.46(or 10.85%). FleetCor Technologies, Inc.
provides specialized payment products and services to businesses, commercial
fleets, oil companies, petroleum marketers, and government entities in North
America, Europe, South Africa, and Asia. On January 30^th, Europe CEO bought
10,062 shares.

Activision Blizzard, Inc. (Nasdaq: ATVI) - Activision shares hit a new 52-week
high of $13.94 on Friday with the stock rising 11.19% at the close. Trading
volume at 56,020,472 was a little more than six times higher than average.
After releasing quarterly results that trumped analysts' expectations, ATVI
shares soared to an intraday peak of $13.94, the highest level the stock has
seen since November of 2011. Its outlook for 2013 was more conservative, at 80
cents versus the Street's view of 96 cents, according to Thomson Reuters
I/B/E/S. Activision Blizzard, Inc. publishes online, personal computer (PC),
console, handheld, and mobile interactive entertainment worldwide.

To find similar research reports that are available for free follow the link
below and sign up at http://www.TheStockFreak.com

Disclosure: TheStockFreak.com is not a registered investment advisor and
nothing contained in any materials should be construed as a recommendation to
buy or sell securities. Investors should always conduct their own due
diligence with any potential investment. Please read our report and visit our
website, for complete risks and disclosures.

SOURCE www.thestockfreak.com

Contact: info@thestockfreak.com, 433 Plaza Real Suite 275, Boca Raton, FL,
33432, +1-561-372-8342
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement