All Posts Tagged Tag: ‘NASDAQ’

Wall Street Ends 5 Day Skid; Stocks are Up

The stock market saw a surprise surge last Wednesday after the Federal Reserve announced that it would continue its bond-buying program. That up-swing did not last long, though; The stocks dipped drastically on Thursday, and Wall Street has seen a losing-streak the previous 5 days. There was positive news for Wall Street today, however. The Dow Jones, S&P, and Nasdaq …

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Microsoft Stock Surging on Ballmer Retirement News

Microsoft CEO Steve Ballmer announced this morning that he will be stepping down from his position within the next 12 months. The executive has been a part of Microsoft for over 33 years, joining the company as its first business manager and only its 30th employee. Ballmer praised his executive team in a statement this morning, saying that “now is …

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Nasdaq Shutdown Causes Stocks to Rise

This afternoon, Nasdaq came to a screeching halt due to a technical glitch in the computer system. The outage lasted around three hours. According to the Washington Post, the outage took place at 11:45 am and systems were not up and running again until a little after 3:00 pm. When the problem arose, people all over the world who are …

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Tumblr Rings NASDAQ Opening Bell To Celebrate Yahoo Acquisition

Sure, Yahoo acquiring Tumblr seems like pretty old news at this point, but the two joined companies are still celebrating. They commemorated the event this morning in New York with Tumblr CEO David Karp ringing the NASDAQ Stock Market opening bell. Yahoo CEO Marissa Mayer posted a few photos from the event on her personal Tumblr: Mayer announced the news …

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NASDAQ Fined $10 Million For Botched Facebook IPO

To say the Facebook IPO was a disaster might be a bit of an understatement. A few days after the social network went public, reports emerged that a technical issue prevented trading and many investors lost money as the stock’s value tanked. Those same investors brought lawsuits against the NASDAQ and the SEC launched an investigation into the IPO. That …

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Facebook Stock Down On NASDAQ 100 Debut

Facebook stock didn’t have a great day today, as the company debuted on the NASDAQ 100. The NASDAQ 100 includes 100 of the biggest domestic and international non-financial companies listed on the NASDAQ based on market capitalization. Computer hardware and software, telecommunications, retail/wholesale trade and biotechnology are all represented. Infosys left the index making room for Facebook, which Facebook now …

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Stock Markets Closed With Hurricane Sandy (Frankenstorm) Closing In

As previously reported, major stock trading has halted today thanks to Hurricane Sandy (aka: Frankenstorm). Fears related to the storm have shut down the New York Stock Exchange (NYSE) and NASDAQ. Both announced that they would be closed today, and may also be closed on Tuesday. Google has put out a pair of Hurricane Sandy-related maps, including this New York-specific …

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Stocks Halted as Hurricane Sandy Hurtles Toward New York

Major stock trading is halted today as fears about Hurricane Sandy continue to shut down nearly the entire Northeastern U.S. Both the New York Stock Exchange (NYSE) and NASDAQ have announced their U.S. stock exchanges will be closed today, and possibly Tuesday. NASDAQ stated this weekend that the decision to close was made through a consultation with other U.S. exchanges, …

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Facebook Wants to Keep “FB” on the Nasdaq Exchange

As of yesterday, Facebook executives have decided it’s a good idea to keep their stock, ticker symbol “FB”, listed on the Nasdaq Stock Exchange. Previously the company had debated taking their shares over to the NYSE after Nasdaq experienced a devastating computer glitch that left big bank trading desks flying blind on the morning of their IPO launched. Currently, Facebook, …

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SEC Investigates Nasdaq and NYSE After Facebook IPO Breakdown

The Securities and Exchange Commission (SEC) isn’t buying that Nasdaq’s much publicized computer glitch on the opening day of Facebook’s IPO was the root cause for all the confusion. In fact, they have seen a couple other cases of so called, trading communication breakdowns coming from the NYSE, and now they want answers. According to Nasdaq, they rewrote some computer …

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Nasdaq Glitch Blamed for Facebook’s Abysmal IPO Performance

As we reported on Friday, Nasdaq is getting the blame for Facebook’s botched IPO launch and the subsequent poor trading performance in the days that followed. The remarks come from a court filing by Facebook and Morgan Stanley who seek to combine more than 40 state and federal lawsuits brought against Facebook and their lead underwriters stemming from the events …

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Groupon Gets an Upgrade by Morgan Stanley Analyst from Equal Weight to Overweight

Groupon shares are on the rise this morning as after Morgan Stanley analyst, Scott Devitt, raised the company’s status from Equal Weight to Overweight. Despite closing just above $10 per share on Friday, early morning trading reached as high as $11.07, and Groupon is currently trading for $10.75 per share. Scott Devitt, analyst for Morgan Stanley comments on Groupon’s performance: …

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Why Facebook Isn’t a Bad Investment for Everyone

Back on the 12th of June, Harvard Business Review (HBR) published an article explaining how so many investors were enticed by Facebook’s public offering and why it wasn’t a good idea, according to their principals of investment, to jump on the investment. The first point they raise involves small investors, and the mentality they took when evaluating the investment. According …

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Facebook Blames Nasdaq and Wants to Consolidate IPO Investor Lawsuits

The one month anniversary of Facebook’s much anticipated initial public offering is close at hand, and the social networking giant has yet to address investor concern or the countless lawsuits which have been filed against the Nasdaq, Mark Zuckerberg, or even Facebook itself. According to what an inside source told the New York Times, Facebook intends to file a motion …

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UBS Lost $350 Million on Facebook IPO Trades

Earlier this week we reported that the Nasdaq stock exchange had set aside $40 million to compensate investors who were hurt financially by the computer glitch that plagued Facebook trading early on during the IPO launch. You might recall, the glitch left big bank trading desks blind to who bought what and at what price. UBS was one of the …

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Facebook Stock Rises after ComScore Finds Ads Work

Yesterday, ComScore released details of their latest study on Facebook advertising and the news is pretty good. Despite many claims and self-report surveys declaring the ads simply don’t work, research suggests repeated exposure to branded messages, does in fact, impact subsequent purchasing decisions. In what could be a strange coincidence, Facebook shares are on the rise again today. Currently stocks …

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Nasdaq Scrutinized for Facebook IPO Investor Compensation Plan

Yesterday, Nasdaq announced it was finally making some reparations to investors who were effected by the mysterious computer glitch that plagued Facebook trading the morning of the IPO launch. You might recall, they set aside over $40 million in order to handle claims made by larger investment firms who either couldn’t buy, or couldn’t sell at the current market price …

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Facebook Stock on the Rise as Nasdaq Sets Aside Millions to Compensate Investors

Good news all the way around for Facebook investors. Despite sluggish trading and constantly declining stock prices, today’s trading took a turn for the better. While trading started out at a record low $25.52, it actually jumped up to over $27 for a short time. The Nasdaq closed with the shares trading at $26.81. Also adding to the bright side …

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Nasdaq Hopes to Appease Facebook Investors with Modest Compensation

The Nasdaq OMX Group hopes to make up for that small-but-disastrous glitch on the day of Facebook’s initial public offering by compensating affected investors who were trying to get in on the early trading. According to the Wall Street Journal, the exchange organization has been notifying brokers that it plans to submit the proper filings tomorrow in order to begin …

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Facebook Might Switch to NYSE after Nasdaq Failure

Facebook stock closed at $31.99 per share yesterday, and some speculate that there truly is no limit on how low it can go. One of several factors that might’ve contributed to the sensational IPO’s less than stellar performance was an alleged technical problem at NASDAQ early on, which has prompted some investors to sue, and likewise drew the attention of …

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Facebook Stock Closes at $32 on Wednesday

Facebook stock is once again closing in the $30 price range at $31.99 as the Nasdaq market closed at 4PM today. It opened at $31.37, rose as high as $32.50, and dipped as low as $31.36. So not a lot of variety there. Of course, the stock prices themselves haven’t really been the news as far as the Facebook IPO …

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Morgan Stanley to Adjust Facebook Prices for Retail Customers

Good news for early Facebook IPO investors who may have been a victim of Nasdaq’s computer communication glitch, Morgan Stanley is reviewing all of the trades that went through on that day. As you remember, trading was delayed by a half hour Friday morning as big bank trading desks attempted to verify who bought what and at what price. The …

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Facebook IPO Scandal: Was the Nasdaq Glitch Real?

Perhaps we are all overreacting to the Facebook/Nasdaq/Morgan Stanley issue by calling it a scandal. But experience has taught many of us a valuable lesson; if it looks like a fish, swims like a fish, and smells like a fish, it’s probably a fish. As we just reported last hour, Investors in New York and California have filed lawsuits against …

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Investor Sues Nasdaq Over Facebook IPO

Maryland Facebook investor Phillip Goldberg has just filed a complaint against Nasdaq OMX Group Inc. regarding “badly mishandled” trades upon the social network’s IPO. Goldberg aims to represent a group of investors who saw orders not processed correctly, which prompted them to lose money. Goldberg went through Charles Schwab to try to trade shares, and perhaps ran into some snags …

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Facebook IPO Revised Revenue Report Scandal

Probably not surprising to most of you, big banks, and underwriters of the Facebook IPO deal, had inside information on the company’s inevitably shrinking revenues before trading even began. As we reported yesterday, Morgan Stanley’s financial forecasters issued a revised report early last week detailing an over 6% decline in revenue for the second quarter of 2012. The revisions stems …

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How Low Can Facebook Stock Go?

Facebook stock closed at $34.03 per share yesterday, and some speculate that there truly is no limit on how low it can go. Several factors have likely contributed to the sensational IPO’s less than stellar performance. NASDAQ had allegedly suffered a reporting problem early on, Facebook has been said to be unable to properly monetize its ad content, and may …

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Nasdaq’s Fallout from the Fubar Facebook IPO

Given that everyone was so excited and looking to the future with Facebook’s initial public offering on Friday, there has been a surprising absence of good news to come out of the it since it happened. It’s not even that there’s an absence of good news but an overwhelming pall of bad news. Friday stumbled out of the gates and …

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Tech Stocks: Nasdaq Embarrassed by Facebook IPO Hiccups

Tech stocks IPO auctions will undergo a few necessary changes after a delay caused Facebook shares to begin trading 30 minutes after the scheduled 11am start time. CEO Robert Greifeld believes that the delay didn’t lead to what many believe was a disappointing debut for the social networking company, though he still feels “humbly embarrassed” by the entire ordeal. Facebook …

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Facebook IPO’s Poor Performance Blamed On Software

Friday started out pretty exciting as Facebook shares started trading. The feelings of joy soon turned to disappointment, however, as Facebook’s share price never really went anywhere. The question then turned to what caused the poor performance. To help answer that question, Nasdaq CEO Robert Greifield took to a conference call yesterday to clarify what exactly went wrong on Friday. …

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Facebook’s Less Than Stellar IPO Performance

Looking back to Friday, the day of the big Facebook IPO, we reported that there was some sort of technical issue that hampered trading early on. According to sources on the inside, it could all be traced back to a communication breakdown that left the big trading desks wondering, who bought what, and at what price. I would guess that …

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