New York, New York- February3, 2012 - InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stocks for the morning of February 3rd as the Facebook IPO frenzy continues to drive the sector. Tech stocks were strong in yesterday's session, with significant gains in the Social Media/Networking stocks.
Facebook's pending $5 Billion IPO has investors buying into the sector ahead of its market debut expected in May. Most retail investors know the chance of participating in the IPO are slim and none so they are entering the game with some of the other well known players in the space.
Social Networking stocks Snapshot Trading February 3rd
FriendFinder Networks Inc. (NasdaqGM: FFN ) is becoming a best friend to investors this week, trading up again this morning, at 1.3950, up 0.0650(4.89%) 9:54AM EST with a high of $1.47
Groupon, Inc. (NASDAQ: GRPN) is trading up at $23.79, up 0.71(3.07%)
Linkedin Corporation (NYSE:LNKD) is moving up, trading at $79.93, up 2.95(3.83%)
Renren Inc. (NYSE: RENN ) is gaining in morning trading, at $5.66, up 0.24(4.43%) 9:58AM EST
SINA Corporation (NASDAQ:SINA) is trading at$76.26, up 0.96(1.27%)
Zynga Inc. (NASDAQ: ZNGA) is running, trading at$13.24, up 0.85(6.90%)
Read the entire S1IPO filing for Facebook: http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm
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