Wall Street follows the global stock decline today as all benchmarks are down amid concerns over the euro zone’s continuing financial worries and after the World Bank reduced its growth forecast for East Asia, raising new fears related to the global economy. Technology stocks are mostly down today, leading declines with Netflix, Inc. (NASDAQ:NFLX) as an exception. The company has been rallying after Morgan Stanley upgraded the stock to “overweight” from “equal.”
Facebook Inc. (NASDAQ:FB) declined more than 3% today after BTIG analyst Richard Greenfield downgraded the stock to Sell from Neutral, setting a price target of $16 a share.
The stock’s price decreased in the last trading session with a previous 52-week high of $45.00. The stock was trading on below-average volume. The stock traded at a volume of 40.53 million shares at a price loss of -4.73%. The share price is now down -35.00% for the past three months. Latest closing price was 0.73% above its 50-day moving average and -17.42% below its 200-day moving average.
AT&T Inc. (NYSE:T) signed an agreement to carry the regional sports network Fox Sports San Diego, which has the greater part of Padres games, on its U-Verse pay-TV service. Over the last 12 months, a return of 4.08 percent on equity was realized due to the financial situation and earnings per share reached a value of $0.75. Last fiscal year, $1.76 has been paid in form of dividends to investors. Earnings are projected to move up 9.23 percent for the coming five years. The stock closed at $37.86, down -0.04 points or -0.11% from previous close and at a distance of 0.07% from 20-day simple moving average.
Groupon Inc. (NASDAQ:GRPN) opened lower today despite trading at volume higher than average and climbing 9.37% Friday. Its previous 52-week high was $31.14 and trading at a volume of 18.18 million. Shares have dropped -62.20% over the trailing 6 months. The stock is currently trading -0.51% below its SMA50 and -57.93% below its SMA200.
First Solar, Inc. (NASDAQ:FSLR) is on track to recover from Friday’s fall after a spokesman responded to an issue raised by Avian Securities, confirming that the problem would not have a major impact on earnings.
Its shares declined -40.55% so far in 2012. The stock most recently had a beta value at 1.49 and the percentage change in the price over the last fifty two weeks remained at -66.43%. The price range in that 1-year period had a best hit of $61.68 on Oct 10, 2011 while lowest level in the same period was $11.43on Jun 04, 2012.