Market Overview

Social Media Outlook for Tuesday June 26 (APOL, SBAC, GEOY, HE)

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In recent years, traders and investors have increasingly turned to social media to discuss their investments. Now, interested parties can get a scientific look at what is being discussed on a weekly, monthly, and even hourly basis.

Provided by Social Market Analytics, here is the social media outlook for Tuesday, June 26.

Most Bullish

Apollo Group (NASDAQ: APOL) traded up 10% early on Tuesday. Monday afternoon, the company announced third quarter results that beat analyst estimates.

SBA Communications (NASDAQ: SBAC) traded up slightly on Tuesday after announcing that it would buy 3,252 towers from TowerCo affiliates. The deal included $1.2 billion in cash and 4.6 million shares of SBA common stock.

Most Bearish

GeoEye (NASDAQ: GEOY) shares plunged on Monday after the US Geospatial Intelligence Agency told GeoEye that it will not renew a contract that is key to the company's revenue. Early on Tuesday, GeoEye continued to trade lower.

Hawaiian Electric Industries (NYSE: HE) shares traded lower on Monday.

Most Discussed

Apple (NASDAQ: AAPL) is frequently discussed on social media. Shares are currently trading near $571.

Arena Pharmaceuticals (NASDAQ: ARNA) is expected to receive a decision from the FDA on its obesity drug lorcaserin Wednesday.

Microsoft (NASDAQ: MSFT) traded up about 1% early on Tuesday after announcing on Monday that it had acquired Yammer for $1.2 billion.

Facebook (NASDAQ: FB) traded up slightly about 2% early in the session on Tuesday. On Monday, Sheryl Sandberg was named to Facebook's board.

Research in Motion (NASDAQ: RIMM) shares declined on Monday after the company was rumored to split into two parts. Morgan Stanley downgraded Research in Motion as well. The company traded down about 1% early Tuesday.

Interested in getting more information about stock trends on social media? Signup for the Social Market Analytics newsletter on their website.

Posted-In: Social Market AnalyticsLong Ideas News Short Ideas Downgrades FDA Management M&A Intraday Update Markets Analyst Ratings Movers Tech Trading Ideas Best of Benzinga

 

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