business newsMidday Nasdaq Slumps as Apple Hits a 10-Month Low
By
Jonah Loeb Dec 14, 2012 3:12 pm
Also, Facebook's fourth lockup period has expired.
PRINT
-
Stay Connected
-
-
-
-
Facebook (NASDAQ:FB) also hit a skid today, falling 3.90% to $27.14 as its fourth lockup period expired, opening up another 156 million shares of the company to public trading. A rare bright spot was Clearwire (NASDAQ:CLWR), which rose 5.85% to $3.35 on news that Sprint’s (NYSE:S) buyout was closer than ever to completion.
Qualcomm (NASDAQ:QCOM) saw its shares fall below their 200-day moving average, dropping 4.33% to $60.04 on high volume, while Groupon (NASDAQ:GRPN) had a good day, rising 2.92% to $4.94 after consumers responded positively to its new iPad app.
Finally, Ariad Pharmaceuticals (NASDAQ:ARIA) fell a steep 19.39% to $19.25 after it was reported that the FDA would require a hefty side-effect warning on boxes of its newly-approved leukemia drug.
No positions in stocks mentioned.
Daily Recap
Everything you need to know for the next trading day.
Trading Radar (weekly)
Your road map to all the events that will effect financial markets in the week ahead.
Name
Email
*
Phone
* required field
