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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, June 26.
Most Bullish
Apollo Group (NASDAQ: APOL) traded up 10% early on Tuesday. Monday afternoon, the company announced third quarter results that beat analyst estimates.
SBA Communications (NASDAQ: SBAC) traded up slightly on Tuesday after announcing that it would buy 3,252 towers from TowerCo affiliates. The deal included $1.2 billion in cash and 4.6 million shares of SBA common stock.
Most Bearish
GeoEye (NASDAQ: GEOY) shares plunged on Monday after the US Geospatial Intelligence Agency told GeoEye that it will not renew a contract that is key to the company's revenue. Early on Tuesday, GeoEye continued to trade lower.
Hawaiian Electric Industries (NYSE: HE) shares traded lower on Monday.
Most Discussed
Apple (NASDAQ: AAPL) is frequently discussed on social media. Shares are currently trading near $571.
Arena Pharmaceuticals (NASDAQ: ARNA) is expected to receive a decision from the FDA on its obesity drug lorcaserin Wednesday.
Microsoft (NASDAQ: MSFT) traded up about 1% early on Tuesday after announcing on Monday that it had acquired Yammer for $1.2 billion.
Facebook (NASDAQ: FB) traded up slightly about 2% early in the session on Tuesday. On Monday, Sheryl Sandberg was named to Facebook's board.
Research in Motion (NASDAQ: RIMM) shares declined on Monday after the company was rumored to split into two parts. Morgan Stanley downgraded Research in Motion as well. The company traded down about 1% early Tuesday.
Interested in getting more information about stock trends on social media? Signup for the Social Market Analytics newsletter on their website.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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