This morning, I sold all my Google and Facebook stock. Regular readers will know that for a long time my official bio at Business Insider has carried two conflict-of-interest disclaimers, that I own two shares of GOOG and 30 shares of FB.
Shares in electric sports car maker Tesla Motors Inc jumped 18% to a record high on Thursday, after surprisingly strong second-quarter results convinced investors the company has found a route to sustainable profits.
Tesla’s shares have more than doubled since it reported its maiden profit in the first quarter of the year — hitting new highs most weeks.
At least seven brokerages raised their price targets after Tesla reported its second profit in a row late Wednesday, by as much as US$69 a share.
A pair of brothers have been tied to the mysterious social networking company with the stock that surged 25,000% since its inception — and one of them has a history of involvement in questionable businesses.
Stocks started the day at an all-time high and only rocketed higher. First the scoreboard: Dow: 15,215, +123.5 pts, +0.8%S&P 500: 1,650, +16.5 pts, +1.0%NASDAQ: 3,462, +23.8 pts, +0.6% And now the top stories:
Shares of Facebook Inc jumped as much as 11.2% on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company’s disappointing debut in May
From the very start of market maker implied stock price forecasts for Facebook (FB) on May 29 to the present time three months later (Aug. 28), expectations have held to an unusually tight format. Early on, the market pros protected themselves against a pattern of twice as much upside prospect as likely downside exposure. Then their forecast range was from a low of $26 to a high of $34.63. From an end-of-day price of $28.84, it was an upside of +20% to a downside of -10%.
Andrew Wilkinson submits: CTrip.com International, Ltd. (CTRP) – Shares of the consolidator of hotel accommodations and airline tickets in China fell as much as 17.65% during the first half of the trading session to touch down at an intraday low of $31.35.