Tesla Motors Inc (NASDAQ:TSLA), Facebook, Apple Inc. (NASDAQ:AAPL) and Google Emerge as Hot Tech Stocks
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An offer worth $3 billion was made by Facebook Inc (NASDAQ:FB) to Snapchat the service for photo messaging, which was turned down by Snapchat. Everyone is wondering why would snapchat with no impressive revenues turn down such an offer and even more curious is the fact that why would Facebook offer this much money for this service? Shares of Facebook Inc (NASDAQ:FB) ended at a value of $48.99 yesterday. Institutional ownership of the stock is 48.99 whereas its insider ownership is 0.80%. Stock’s share capital has outstanding shares of 2.43 billion out of which 1.79 billion are being floated in the market.
Local vendors in China are causing worries for Apple Inc. (NASDAQ:AAPL) because its market share in China seems to be going down as local smartphone brands are making waves. These local brands are using different methods such as social media to get the attention of smartphone users. Xiaomi and Lenovo (992:HK) have found a customer base because of their cost effective smartphones that are cheaper than iPhone. Shares of Apple Inc. (NASDAQ:AAPL) kicked their trading session off at $522.81 and went up as high as $529.28; the stock after going up by 1.45% closed at a value of $528.16. Stock’s weekly performance was 3.06%.
A factory of Tesla Motors Inc (NASDAQ:TSLA) in the Bay Area of San Francisco a malfunction of aluminum press caused spilling of hot metal that burnt three of the workers who had to visit the hospital. Two of the three employees had light injuries whereas the third one was a little more serious. CEO of Tesla, Elon Musk said that he himself would visit the patients and make sure that they received the best care there is. On the last day of trading, shares of Tesla Motors Inc (NASDAQ:TSLA) had a 12.20 million volume shares whereas the average volume share of the stock is 13.01 million. The stock kicked off at a value of $138.92 and went up as high as $140.40 and after dipping by -0.79% the shares closed at $137.60.
Google Inc (NASDAQ:GOOG) has won its case for copyrights of digitally copying hundreds and thousands of books; this victory will play a vital role in establishing Google’s dominance in the online search world. A New York Federal Judge ruled in favor of Google saying that the project is not in violation of any copyright laws. Shares of Google Inc (NASDAQ:GOOG) went up by 0.27% and ended at $1,035.23 on the 14th of November. The stock’s range over 52 weeks was between $636.00 and $1,041.52 whereas its market capitalization is $345.93 billion. The stock had a 1.17 million volume share in the session’s trading; GOOG’s capital share had outstanding shares of 334.16 million.