Midday Nasdaq Flat on Disappointing Manufacturing Data, but VeriSign Is Going Strong

By Jonah Loeb  DEC 03, 2012 3:11 PM

Also, Microsoft's stock and Steve Ballmer's job security are both shaky.


MINYANVILLE ORIGINAL The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) was mostly flat at 2:45 p.m. after a significant decline from October to November in a key manufacturing index. The NASDAQ fell just 0.08% to 3,007.95.
Facebook (NASDAQ:FB) fell 1.54% to $27.57 on high volume despite its recent recovery after it was reported that the social networking company was looking to buy mobile messaging company WhatsApp. It was also a good day for Dell (NASDAQ:DELL), which rose 4.56% to $10.08 on more than double its average volume despite flat trading on the day.
Microsoft (NASDAQ:MSFT) fell 0.51% to $26.48 on rumors that CEO Steve Ballmer might be on his way out. Yahoo (NASDAQ:YHOO), too, fell on the day, dropping 0.85% to $18.60 after losing a lawsuit in Mexico that may result in a $2.7 billion payout.
Embattled Research In Motion (NASDAQ:RIMM) traded slightly higher, rising 0.22% to $11.63 despite having its stock downgraded to a Sell by Canaccord Genuity. A big winner today was VeriSign (NASDAQ:VRSN), which rose 5.62% to $36.10 on very high volume after the federal government granted the company the job of managing databases for sites with .com addresses.
No positions in stocks mentioned.