Investors have learned some painful lessons on the impacts of supply and demand from investments in once-hot social media stocks such as Facebook Inc (NASDAQ:FB), Zynga Inc (NASDAQ:ZNGA) and recent low hitter Groupon Inc (NASDAQ:GRPN), which analysts believe could hurt other Web firms considering an initial public offering.
Zynga Inc (NASDAQ:ZNGA) moved down -1.96% with the closing price of $3.00. The overall volume in the last trading session was 28.68 million shares. Its fifty two week range was $2.66-$15.91. The total market capitalization remained $2.28 billion.
ZNGA is ahead of its 52 week low 12.78% and its last month price volatility remained 6.66%. It has a target price of $5.47. The company has insider ownership of 0.20% with its institutional ownership remaining at 38.46%. Company’s current year earnings per share fell -570.12%.
In the technology sector, Nokia Corporation (ADR) (NYSE:NOK) experienced no change for the day and closed at $2.64 with the total traded volume of 33.75 million shares. Stock price 52 weeks high was $7.38 and 52 weeks low was $1.63. The stock today was trading up in pre-market session after Nokia Siemens Networks released its 2011 sustainability report, providing details about the company’s transparency in terms of social, economic and environmental accountability.
Energy giant Exxon Mobil Corporation (NYSE:XOM), which has recently decided to quit shale gas exploration in Poland, surged +0.76% to close at $88.67 and its total traded volume in the last trading session was 11.31 million shares. XOM has earnings per share of $9.52 with the net profit margin of 9.60% and operating margin of 15.94%.
Financial stock Compucredit Holdings Corp (NASDAQ:CCRT) surged +28.69% to a new high and closed at $6.46 and its total traded volume in the last trading session was 1.33 million shares. The boost came in after a plan to buy shares at $10 per share and intends to buy 8M shares as part of the buyback. CCRT has earnings per share of -$0.50 and its market capitalization of 142.10 million.