NEW YORK, February 11, 2013 /PRNewswire/ --
On Friday, Google's Chairman Eric Schmidt announced that he plans to sell up to 3.2 million shares, which at Google's current price could mean a $2.5 billion windfall. Schmidt has a 2.3% stake in the company with 7.6 million shares. On Friday Google shares closed up $11.42 at $785.37.
Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run. http://www.TheStockFreak.com
LinkedIn Corporation (NYSE : LNKD ) - On Friday LNKD shares soared to a new all-time high at $151.89. The Company has now more than tripled in price since its IPO in May of 2011 when the stock was $45.00. The stock rose $26.39 (or 21.27%) to close at $150.48 on Friday. The Company has beat Wall Street estimates for seven quarters in a row. The online professional-networking service reported results for the fourth quarter that yet again exceeded analysts' projections. Revenue rose a better-than-expected 81 percent from a year ago to $303.6 million. Net income gained 60% to $11.5 million from $6.9 million in the year-earlier period. Volume traded on Friday was 13,917,120 in comparison to an average of 1,784,790. On January 28th, a director in the Company bought 1,500 shares.
Moody's Corp. (NYSE : MCO ) - Moody's Corp. fell 7.7% on Friday despite reporting strong earnings. The Company's fourth-quarter net income jumped 66 percent and revenue exceeded expectations. For the quarter ended Dec. 31, the New York Company earned $160.1 million, or 70 cents per share, up from $96.2 million, or 43 cents per share, in the same quarter last year. Revenue jumped 33 percent to $754.2 million, which topped Wall Street expectations for revenue of $687.1 million in revenue, according to FactSet. The Obama administration accused MCO's rival Standard & Poor last week of refusing to warn investors that the housing market was collapsing in 2006. Trading volume for MCO was roughly seven times higher than average on Friday.
EnteroMedics Inc. (Nasdaq : ETRM ) - shares of ETRM saw a huge fall on Friday with the stock closing down more than 55%. Shares tumbled after news was released that top line Phase III study results has failed from the Company's randomized ReCharge Pivotal Trial of VBLOC vagal blocking therapy for the treatment of obesity. The Company hit a new 52-week low of $1.19 on Friday on 15,087,852 shares traded. Average volume for the stock is 330,976. EnteroMedics Inc., a clinical development stage medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders.
FleetCor Technologies, Inc. (NYSE : FLT ) - FLT was one of the most active stocks trading on the NYSE on Friday with the stock setting a new 52-week high of $68.23. The stock traded on unusually high trading volume with roughly five times higher than average volume at 3,410,116. The Company reported revenues last Thursday. For the quarter ended Dec. 31 (Q4), FleetCor Technologies beat expectations on revenues and beat expectations on earnings per share. Shares on Friday closed at $66.01, up 6.46(or 10.85%). FleetCor Technologies, Inc. provides specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers, and government entities in North America, Europe, South Africa, and Asia. On January 30th, Europe CEO bought 10,062 shares.
Activision Blizzard, Inc. (Nasdaq : ATVI ) - Activision shares hit a new 52-week high of $13.94 on Friday with the stock rising 11.19% at the close. Trading volume at 56,020,472 was a little more than six times higher than average. After releasing quarterly results that trumped analysts' expectations, ATVI shares soared to an intraday peak of $13.94, the highest level the stock has seen since November of 2011. Its outlook for 2013 was more conservative, at 80 cents versus the Street's view of 96 cents, according to Thomson Reuters I/B/E/S. Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide.
To find similar research reports that are available for free follow the link below and sign up at http://www.TheStockFreak.com
Disclosure: TheStockFreak.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.