Social media has taken the world by storm, building virtual communities for anyone who has internet access and allowing people to connect and share across the globe. A lot of these sites have changed the world in terms of how we meet people, read the news, get jobs and even date. These companies are on the cutting edge of social trends and are a good beacon to look toward for change.
24/7 Wall St has also collected data on the most shorted NYSE stocks and the most shorted Nasdaq stocks.
The December 30 short interest data have been compared with the previous report. Short interest moves in these selected social media stocks were mostly down for this settlement date.
Some investors will wonder if the LinkedIn-Microsoft buyout will send more large media and tech shops looking to acquire in the social media space.
Facebook Inc. (NASDAQ: FB) had a short interest decrease to 18.84 million shares from the previous 24.33 million. Shares were last seen at $125.24, within a 52-week trading range of $89.37 to $133.50.
The number of Twitter Inc. (NYSE: TWTR) shares short decreased to 45.17 million from the previous level of 47.26 million. Shares were recently trading at $17.08, in a 52-week range of $13.73 to $25.25.
In the period, Match Group Inc. (NASDAQ: MTCH) saw its short interest increase to 10.07 million shares from the 9.65 million in the previous period. Shares were trading at $17.81, in a 52-week range of $8.41 to $19.74.
Short interest in Yelp Inc. (NYSE: YELP) decreased to 6.10 million shares. The previous reading was 6.55 million. Shares were trading at $40.15, in a 52-week range of $14.53 to $43.36.
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