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Zacks #1 Stocks on the Move 05/21/2013

Company Name Symbol %Change
SCIENTIFIC L SCIL
8.00%
NATUS MEDICA BABY
6.11%
SUMMER INFAN SUMR
6.02%
RADIANT LOGI RLGT
5.32%
NEW ORIENTAL EDU
4.51%

Social Media Stomped

by Brian Bolan

May 22, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

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 ( GSVC ) 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?

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