Market Recap 12-16-14
Google (GOOG) Hit a 52 week low today trading at $489, the stock closed at $495.39 down 3.58% on the day. J.P. Morgan lowered their target price on the search giant to $600. Seeking Alpha highlighted:
- Among other things, Anmuth cites “the transition from desktop to mobile search, continued margin compression, and increasing competition from Facebook.”
- The indirect challenge posed by Facebook to Google’s ad dollars was raised by some following Google’s Q3 miss. Meanwhile, Facebook’s Atlas (display ad-buying/measuring) and Audience Network (mobile ad network) platforms directly compete against Google’s DoubleClick and AdMob units.
Rightside (NAME) hit a new low today and traded down to $7.09 before closing at $7.21, a percentage loss of 8.85%.
|Minds + Machines||up 3.47%||MMX||London||Close 7.24p|
|Marchex||up 2.03%||MCHX||Nasdaq||Close $4.02|
|down 3.58%||GOOG||Nasdaq||Close $495.39|
|Web.com||down 1.62%||WWWW||Nasdaq||Close $17.60|
|Rightside||down 8.85%||Name||Nasdaq||Close $7.21|
|CentralNic||up 2%||CNIC||London||Close 41.25p|
|Tucows||up 0.28%||TCX||Nasdaq||Close $18.15|
|Verisign||down 1.68%||VRSN||Nasdaq||Close $55.54|
|Neustar||up 0.81%||NSR||NYSE||Close $26.12|
|United Internet||up 1.65%||UTDI||German XETRA||Close 36.08€|
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