Facebook, Inc. (FB) managed to rebound with the stock climbing 1.84% or $2.12 to close the day at $117.2 on active trading volume of 33.88M shares, compared to its three month average trading volume of 19.38M. The Menlo Park California 94025 based company has been outperforming the internet information providers group over the past 52 weeks, with the stock gaining 12.65%, compared to the industry which has advanced 3.35% over the same period. With RSI of 32.9, the stock should still continue to rise and get closer to its one year target estimate of $156.6, making it a hold for now.
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.
Citigroup Inc. (C) climbed 1.41% during last trading as the stock added $0.77 to finish the day at $55.45 with about 33.4M shares changing hands, compared to its three month average trading volume of 19.08M. The $159.69B market cap company, which fluctuated between $53.71 and $55.47 during the day, currently situated 61.92% above its 52 week low of $34.52 and 1.02% away from its one year high of $55.47. The RSI of 79.36 indicates the stock is overbought at the current levels, sell for now.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. It operates through two segments, Citicorp and Citi Holdings. The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. This segment also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. In addition, it offers wholesale banking products and services to corporate, institutional, public sector, and high-net-worth clients. Further, this segment provides fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services. As of December 31, 2015, it operated 2,994 branches in 24 countries. The Citi Holdings segment provides consumer loans; portfolio of securities, loans, and other assets; and retail alternative investment and other services. Citigroup Inc. was founded in 1812 and is based in New York, New York.
Apple Inc. (AAPL) saw its value increase by 1.32% as the stock gained $1.4 to finish the day at a closing price of $107.11. The stock was lighter in trading and has fluctuated between $89.47-$119.92 per share for the past year. The shares are down by -1.43% in the past three months and up by 14.47% over the past six months. It is currently trading -4.81% below its 20 day moving average and -4.62% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $131 a share over the next twelve months. The current relative strength index (RSI) reading is 34.36. The technical indicator lead us to believe there will be no major movement any time soon, hold.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers. The company also provides iLife, a consumer-oriented digital lifestyle software application suite; iWork, an integrated productivity suite that helps users create, present, and publish documents, presentations, and spreadsheets; and other application software, such as Final Cut Pro, Logic Pro X, and FileMaker Pro. In addition, it offers Apple TV that connects to consumers TV and enables them to access digital content directly for streaming high definition video, playing music and games, and viewing photos; Apple Watch, a personal electronic device; and iPod, a line of portable digital music and media players. Further, the company sells Apple-branded and third-party Mac-compatible, and iOS-compatible accessories, such as headphones, displays, storage devices, Beats products, and other connectivity and computing products and supplies. Additionally, it offers iCloud, a cloud service; AppleCare that offers support options for its customers; and Apple Pay, a mobile payment service. The company sells and delivers digital content and applications through the iTunes Store, App Store, Mac App Store, TV App Store, iBooks Store, and Apple Music. It also sells its products through its retail and online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.