Intel Corporation, Advanced Micro Devices, Facebook Inc and Nokia Corporation Emerged as the Most Active Tech Sectors
The Street’s Chief Investment Officer, Stephanie Link said she sold a few of her Facebook Inc (NASDAQ:FB)’s shares at a value of $52 per share; however she did not sell all of her shares and held on to some. Link believes that Facebook will benefit even more with its video ads launch; however she is interested in seeing if Google Inc (NASDAQ:GOOG) pulls back. At the start of the trading session, shares of Facebook Inc (NASDAQ:FB) traded at $46.00 and went up as high as $47.37 throughout the session; towards the end the shares went up by 0.88% and closed at $46.60. Facebook’s stocks’ weekly performance was -6.99%.
Almost 78% of all personal computers manufactured in 2013 were powered by Intel Corporation (NASDAQ:INTC) processors, a figure that was 71% back in 2012. Intel’s market share growth, leaving behind AMD (AMD) has enabled Intel to alleviate the declining PC demand. On the last trading day, stocks of Intel Corporation (NASDAQ:INTC) had a share volume of 37.82 million as opposed to its 32.59 million average share volume. Intel’s shares opened at a value of $23.99 and went up as high as $24.50 and closed at $24.43 by going up by 1.08%.
Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) now is busy manufacturing a new round of phone handsets powered by Windows 8; this venture has been undertaken under management of Nokia’s new owner Microsoft Corporation (NASDAQ:MSFT). A tweet by @evleaks has leaked a few of the codenames for these Windows 8 devices.
A decrease by -0.39% in shares was reported by Nokia Corporation (ADR) (NYSE:NOK) on the 12th of November; shares’ closing price was $7.71. Stocks’ range over 52 weeks was between $2.63 and $7.99. The company recorded a $28.62 billion market capitalization. In the last session of trading, Nokia’s overall share volume was marked to be 20.72 million. The company has outstanding shares worth 3.71 billion.
Facility for revolving credit of $500 million for five years has been obtained by AMD. AMD can use this facility to borrow amount that covers 85% of receivable accounts that are “eligible, excluding a few specific reserves.
Stocks of Advanced Micro Devices, Inc (NYSE:AMD) reached its highest value at $3.45 after starting off at $3.34 and going up by 2.99%; the stock closed at $3.44 and its range during the trading day was between $3.33 and $3.45. The stock had a $2.49 billion market capitalization. During the session total share volume of the stock was 20.19 million; this figure is less than the stock’s average volume shares of 33.79 million.