Social Media Outlook for Monday August 6 (CTSH, BBY, T, RIMM)
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 Monday, August 6.
Cognizant Technology Solutions Corporation (NASDAQ: CTSH) shares traded up about 11% on Monday after the company reported second-quarter earnings that beat analyst estimates. The company also raised its outlook for its full year earnings per share.
Best Buy Co. (NYSE: BBY) traded up about 19% early on Monday after founder Richard Schulze made an offer to buy the company for a total of $8.8 billion.
AT&T (NYSE: T) traded up about 1% on Monday. The company is still negotiating with the Communications Workers of America union over a core wireless contract in the Southeast region that expired.
Research in Motion (NASDAQ: RIMM) shares traded up about 1.5% on Monday. Last week, the company introduced a new BlackBerry Playbook tablet.
Knight Capital Group (NYSE: KCG) traded down about 25% on Monday. The company announced that it would receive $400 million in financing after it lost $440 million from a trading glitch.
Apple (NASDAQ: AAPL) shares were up slightly on Monday after it was rumored that the company was in talks to acquire The Fancy, a social media website that rivals Pinterest.
Best Buy Co. (NYSE: BBY)
Facebook (NASDAQ: FB) shares traded up about 3.5% on Monday after the company hit all-time lows last week.
Google (NASDAQ: GOOG) frequently appears on this list. Last week, Google announced that it would shut down Google Apps for teams.
Interested in getting more information about stock trends on social media? Sign up for the Social Market Analytics newsletter on the SMA website.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.