Back to top

Macro View

Facebook (FB - Analyst Report) is trading lower, and it took a lot of stocks lower with it early this morning.  Most internet related names faced selling pressure it what was a positive tape.

Zynga (ZNGA - Snapshot Report) was one name that was beaten up pretty well this morning dipping to $6.36 before gaining back about 10% to reach $7.  The game maker has seen its stock decline by about 15% since the day prior to the largest tech IPO of the year.

GSV Capital is also feeling the pain, as its stock is down about 9%, but that is up from a 13% loss earlier.  GSVC is down 30% over the last five days.  GSV Capital traded significantly higher over the last several months as it was a public investment company holding shares of Facebook.  

The lack of the IPO pop caused GSV Capital to crater, do you think that stock will continue to drop as majority of the reason investors were buying the stock has evaporated?

RELATED ARTICLES

Global News to Hold Down Bounce?

4 Oversold Stocks

G-8, Greece and Facebook Stay in Headlines

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%
STRATTEC SE… STRT 80.24 +3.00%