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. Many 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.
Facebook and Twitter are the main names in this group, with one hitting all-time highs while the other is holding near all-time lows. Despite being the preferred communication channel for the new U.S. commander-in-chief, Twitter still has been unable to monetize its platform, which has investors growing ever more concerned. On the other hand, Facebook has been steadily expanding and is taking a sizable piece of the online advertising pie.
The March 31 short interest data have been compared with the previous report. Short interest moves in most of these selected social media stocks were upward for this settlement date.
Facebook Inc. (NASDAQ: FB) had its short interest increase to 20.54 million shares from the previous 18.64 million. Shares were last seen at $139.92, within a 52-week trading range of $106.31 to $143.44.
The number of Twitter Inc. (NYSE: TWTR) shares short increased to 70.18 million from the previous level of 65.86 million. Shares recently traded at $14.31, 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 12.76 million shares from the previous 12.22 million. Shares were trading at $17.17, in a 52-week range of $10.23 to $19.74.
Weibo Corp.’s (NASDAQ: WB) short interest decreased to 9.36 million shares from 10.50 million in the two weeks. Shares recently were changing hands at $50.62, within a 52-week trading range of $20.96 to $58.79.
Short interest in Yelp Inc. (NYSE: YELP) increased to 7.92 million shares. The previous reading was 7.18 million. Shares recently traded at $33.34, in a 52-week range of $19.80 to $43.41.
Snap Inc. (NYSE: SNAP) saw its short interest increase to 36.71 million, compared to the previous level of 21.06 million. Shares were last trading at $20.79, in a post-IPO range of $18.90 to $29.44.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
