Facebook (NASDAQ:FB) is spreading wings as the social networking tycoon declared that it would let users to subscribe to various apps.
News published on its developer blog, Facebook reported that starting from next month clients would be capable of paying to subscribe to apps like games or magazines. Facebook had earlier only let its subscribers to buy virtual items from Facebook apps. Selling items on the site through apps would be priced in the subscriber’s home currency.
Facebook would obtain almost 30% of subscription sales. The latest feature would be accessible through Facebook.com and mobile web apps.
Its competitors include Google Inc (NASDAQ:GOOG) that slipped -0.52% to $578.48with the total traded volume of 784,444.00 shares and Microsoft Corporation (NASDAQ:MSFT) that surged 0.61% to $30.89 with the total traded volume of 8.88 million shares.
Other technology stocks with bullish trend include Oracle Corporation (NASDAQ:ORCL) up 1.65% to $28.42, Micron Technology, Inc. (NASDAQ:MU) up 0.16% to $6.11 and Zynga Inc (NASDAQ:ZNGA) up 0.54% to $6.00, whereas with bearish trend include EMC Corporation (NYSE:EMC) down -1.37% to $25.11, Research In Motion Limited (USA) (NASDAQ:RIMM) down -3.68% to $10.35 and Intel Corporation (NASDAQ:INTC) down -0.08% to $27.49.
Facebook Inc (NASDAQ:FB) stock’s trade at beginning with a price of $31.92 and the current trading session climbed at a high of $31.93 other than the stock finally dropped -1.04% to $31.58 at 11:16AM EDT.
Shares price of FB moved up from its 20 days moving average with +9.68% and remote positively from 50 days moving average with +7.26%. FB current year earnings per share experienced an addition with 79.57%.
FB has a trade volume of 5.63 million shares is lesser as compared to average trading capacity of 27.26 million shares.
FB last month stock price volatility remained 6.22%. In its share capital FB has 2.14 Billion outstanding shares among them 421.23 million shares have been floated in market exchange. FB stock institutional ownership remained 0.95% while insider ownership included 7.36%.
The stock is ahead its 52 week low with 24.33% and logging behind from its 52 week high price with -29.49%.
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