Facebook Hires Ex-Apple Executive and 2 Other Hot Stocks to Watch
Facebook (NASDAQ:FB): Current price $26.45
Bloomberg reports that Facebook has hired the Apple veteran Richard Williamson, who was chief of mapping for more than a decade, and was a member of that company’s initial iPhone team.
Rite Aid Corporation(NYSE:RAD): Current price $2.20
On Monday, the Jean Cortu Group confirmed its intent to divest as much as 72.5 million of its position of 178.4 million common shares of RAD, and the group finalized the sale of the shares on Wednesday at an average price of $2.20 per share, at a net proceed of $158.5 million.
Freeport-McMoRan Copper & Gold (NYSE:FCX): Current price $27.83
On Monday, Citigroup (NYSE:C) downgraded the shares to Sell, because of lower copper price assumptions, and also the anticipation of a minimal free cash flow during the next two years. At the same time, Citi slashed its price target from $35 to $25, says theflyonthewall.com.
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