Facebook Hits $30 and 3 Hot Stocks Trading Hands Now
Clearwire Corporation (NASDAQ:CLWR)
Spectrum has become an asset so valuable that it is now seen as an equivalent to gold, oil, and water, stated Dish Network’s (NASDAQ:DISH) CEO Joe Clayton at the Consumer Electronics Show in Las Vegas on Tuesday. That could be why his company has put in an unsolicited bid for some of Clearwire’s spectrum holdings… (Read more.)
Herbalife Ltd. (NYSE:HLF)
Third Point LLC, a hedge fund run by Dan Loeb, took an 8.2 percent passive stake in Herbalife, a Securities and Exchange Commission filing shows. The decision comes after William Ackman, founder and CEO of Pershing Square Capital Management, called Herbalife a pyramid scheme in December, which sent the stock plummeting.
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Facebook, Inc. (NASDAQ:FB)
Shares of Facebook are up over $30 for the first time since July 2012. The surge could be due to invitations to a “mystery media event” that were sent out on Tuesday night. The event is to take place on January 15, and already there is speculation that the company will announce everything from a partnership with Twitter to a robust mobile strategy.
Nokia Corporation (NYSE:NOK)
Nokia is trading down for the second day in a row. Taiwanese display-maker TPK is taking legal action against Nokia for allegedly infringing on one of its patents, and is seeking damages up to $4.3 million. Also weighing on the stock are remarks from CEO Stephen Elop saying that Nokia isn’t currently planning on building phones that run Google’s (NASDAQ:GOOG) Android OS — at least, not yet.