NASDAQ OMX Group Inc intends to pay almost $62 million in cash to companies that lost money in Facebook Inc’s (NASDAQ:FB) spoiled IPO in May, changing an previous plan that caused strong disapproval from market players and other exchanges.
The compensation plan, which NASDAQ filed with regulators late on Friday, was $22 million bigger than initially planned in June. All parties would be paid in cash, a modification from the previous plan, in which NASDAQ would have mostly remunerated companies through trading credits or rebates.
Its competitors include Google Inc (NASDAQ:GOO) that surged 2.99% to $610.82 with the total traded volume of 6.46 million shares and Microsoft Corporation (NASDAQ:MSFT) that dropped -1.79% to $30.11 with the total traded volume of 64.03 million shares.
Other technology stocks with bullish trend include SanDisk Corporation (NASDAQ:SNDK) up 10.32% to $38.70, A123 Systems, Inc. (NASDAQ:AONE) up 9.60% to $0.757 and Rovi Corporation (NASDAQ:ROVI) up 7.76% to $12.50, whereas with bearish trend include Cepheid (NASDAQ:CPHD) down -17.65% to $36.01, Rambus Inc. (NASDAQ:RMBS) down -17.55% to $4.30 and Advanced Micro Devices, Inc. (NYSE:AMD) down -13.17% to $4.22.
Facebook Inc (NASDAQ:FB) after opening at $29.00 hit high price of $29.47 and then closed at $28.76 by plunging -0.83% and on last session volume of 11.87 million shares was lower than its average volume of 22.22 million shares.
The stock price volatility was 4.62% for a week and 3.52% for a month as well as price volatility’s Average True Range for 14 days was 1.17.
The liquidity measure in recent quarter results of the company was recorded 4.52 as current ratio and on the other side the debt to equity ratio was 0.13 and long-term debt to equity ratio also remained 0.08. The Company had total cash at hand $3.91 billion and a book value per share as $2.95 in the most recent quarter.
FB generated revenue of 3.71 billion in the following twelve months and earned $668.00 million. The Company showed a positive 26.95% in the net profit margin and as well as in its operating margin which remained 47.32%.
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