Published December 19, 2013
Facebook Shares Slammed, And Other #Stocks2Watch
Facebook Shares Slump
Facebook's shares took a beating Thursday after it revealed a 70-million-share follow-on offering. Here's a look at this morning's #Stocks2Watch.
Facebook took a beating after the social-networking giant revealed a 70-million-share follow-on offering, in which chief executive Mark Zuckerberg will offload close to 42 million shares.
FOXBusiness.com homepage editor @VictoriaCraig says she's keeping an eye on shares of Target after the retail heavyweight disclosed a data breach in which hackers compromised up to 40 million credit and debit card numbers. The stock recently fell 2.5% in pre-market trading.
Bristol-Myers Squibb [BMY]
Jessica MacKenzie on FOX Business' assignment desk says she's watching shares of Bristol-Myers Squibb because the pharmaceutical firm "raised its dividend by 3% and it sold its stake is a diabetes venture to its partner AstraZeneca."
Darden Group [DRI]
Olive Garden owner Darden Group revealed plans to sell or spin off its Red Lobster chain. The shares fell mildly in early trading as traders digested the move.
@sgbarber will be paying close attention to shares of 3M, after the consumer products blue-chip boosted its dividend and issued an upbeat 2014 guidance earlier this week.