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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