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Trader Alert: Facebook, Inc. (FB), Zynga Inc. (ZNGA), Globalstar, Inc. (GSAT)

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Facebook, Inc. (FB) grew with the stock adding 0.34% or $0.44 to close at $129.37 on light trading volume of 15.14M compared its three months average trading volume of 22.81M. The Menlo Park California 94025 based company operating under the Internet Information Providers industry has been trending up for the last 52 weeks, with the shares price now 33.36% up for the period and up by 12.45% so far this year. With price target of $153.67 and a 37.29% rebound from 52-week low, Facebook, Inc. has plenty of upside potential, making it a hold with a view buy.

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others. As of December 31, 2015, it had 1.04 billion daily active users (DAUs) and 934 million DAUs who accessed Facebook from a mobile device. The company has a partnership with the Federation of Indian Chambers of Commerce and Industry to augment the Millennium Alliance initiative, as well as support and expand the development of the social enterprise sector in India. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.

Zynga Inc. (ZNGA) dropped $-0.05 to close the day at a new closing price of $2.55, a -1.92% decrease in value from its previous closing price that moved the stock 43.26% above its 52 week low of $1.78. A total of 15.11M shares exchanged hands during the day compared with its three month average trading volume of 9.48M. The stock, which fluctuated between $2.52 and $2.61 during the day, currently situated -17.21% below its 52 week high. The stock is down by -3.77% in the past one month and down by -11.46% over the past three months. With a one year target estimate of $3.27 and RSI of 39.23, the stock still has upside potential, making it a hold for now.

Zynga Inc. develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the United States, North America, Asia, and the European Union. It offers its online social games primarily under the Slots, Words With Friends, Zynga Poker, and FarmVille franchises. The company’s games are accessible on mobile platforms, Facebook, and other social networks, as well as Zynga.com. It also provides advertising services to advertising agencies and brokers. The company was formerly known as Zynga Game Network Inc. and changed its name to Zynga Inc. in November 2010. Zynga Inc. was founded in 2007 and is headquartered in San Francisco, California.

Globalstar, Inc. (GSAT) shares were up in last trading by 2.78% to $1.48. It experienced higher than average volume on day. The stock increased in value by almost 2.07% over the past week and grew 0.68% in the past month. It is currently trading 25.57% above its 50 day moving average and 8.59% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -50.67% decrease in value from its one year high of $3. The RSI indicator value of 53.98, lead us to believe that it is a hold for now.

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2015, it served approximately 688,000 subscribers. The company has a collaboration agreement with Carmanah to design and manufacture solar powered M2M satellite solutions. The company was founded in 2003 and is headquartered in Covington, Louisiana. Globalstar, Inc. is a subsidiary of Thermo Funding II LLC.

 

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