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Facebook (NASDAQ:FB) shares climbed almost 5%, to close at $18.58, a day after Chief Executive Mark Zuckerberg said in a regulatory filing that he won’t sell any of his company’s stock for the next year. Additionally, Facebook directors Marc Andreessen and Donald Graham said in the same filing that they won’t sell any of their Facebook shares after the expiration of the next lockup period. Read most about Zuckerberg and Facebook. Zuckerberg is Facebook’s largest shareholder, and owns approximately 444 million shares of the company’s stock.
Yelp Inc. (NYSE:YELP) also had a strong day, as its shares rose more than 6% to close at $25.77. Reaction was upbeat to a presentation by company officials at a Citigroup technology conference in New York on Wednesday.
Gains also came from Hewlett-Packard Co. (NYSE:HPQ) , IBM Corp.(NYSE:IBM) and Adobe Systems Inc.(NASDAQ:ADBE) . ... Continue to read.
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