Social Media Outlook for Tuesday May 29 (BID, IBM, VRTX, MSFT)
In recent years, traders and investors have increasingly turned to social media to discuss their investments. Now, interested parties can get a scientific look at what is being discussed on a weekly, monthly, and even hourly basis.
Provided by Social Market Analytics, here is the social media outlook for Tuesday, May 29.
Sotheby's (NYSE: BID)
IBM (NYSE: IBM)
Vertex Pharma (NASDAQ: VRTX) is trading down significantly on the session. Earlier this morning, shares were halted when the company announced that its Cystic Fibrosis treatment proved to be less effective.
Microsoft (NASDAQ: MSFT) is trading up the on the session, but could come under pressure on news that Facebook (NASDAQ: FB) is attempting to build a smartphone. With Microsoft looking to enter the market this fall with Windows 8, Facebook's phone could pressure the market.
Facebook (NASDAQ: FB) continues to trade lower after its IPO. Shares are trading near $30.20, down significantly from the $38 IPO pricing.
Apple's (NASDAQ: AAPL) CEO Tim Cook will speak tonight at the AllThingsD conference. Some are speculating that Cook could use the talking time to speak about a new Apple product, however, this would be a first for Apple, which has never used the conference to announce a new product.
Vertex Pharma (NASDAQ: VRTX)
Research in Motion (NASDAQ: RIMM) is trading up on today's session. The company's Chief Legal Officer left yesterday.
Google (NASDAQ: GOOG) is frequently discussed on social media. Shares are trading just short of $600.
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