Stock Watchout on Internet Software and Services Industry -- Research on VeriSign, Millennial Media, Monster Worldwide, and Pandora Media

By PR Newswire,  July 10, 2014, 08:00:00 AM EDT

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LONDON, July 10, 2014 /PRNewswire/ --

On Wednesday, July 09, 2014, the NASDAQ Composite ended at 4,419.03, up 0.63%, the Dow Jones Industrial Average advanced 0.47%, to finish the day at 16,985.61, and the S&P 500 closed at 1,972.83, up 0.46%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 639.27, up 0.48%, with the index also advancing 7.10% in the last three months. Investor-Edge has initiated coverage on the following equities: VeriSign Inc. (NASDAQ:VRSN), Millennial Media Inc. (NYSE:MM), Monster Worldwide Inc. (NYSE:MWW) and Pandora Media Inc. (NYSE:P). Free technical research on VRSN, MM, MWW and P can be downloaded upon signing up at:

On Wednesday, shares in VeriSign Inc. recorded a trading volume of 0.89 million shares, lower than its three months average volume of 1.35 million shares. The stock ended the day at $49.51, which was 0.26% above its previous day's closing of $49.38, and registered an intraday range of $49.27 and $49.75. Shares of the company traded at a PE ratio of 13.48. VeriSign Inc.'s shares have lost 1.37% in the previous three trading sessions, 3.43% in the last one month and 17.18% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $49.57 and $53.61, respectively. Furthermore, shares of the company have a Relative Strength Index (RSI) of 43.69. Sign up today to read free research on VRSN at:

Millennial Media Inc.'s stock finished the Wednesday's session 1.04% higher at $3.89. A total of 1.19 million shares were traded, which was below its three months average volume of 1.90 million shares. The stock moved between $3.85 and $4.01 during the session. Over the previous three trading sessions and the last one month, Millennial Media Inc.'s shares have declined 12.58% and 6.49%, respectively. Additionally, the company's stock has lost 46.49% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $6.28 is greater than its 50-day moving average of $4.44. Millennial Media Inc.'s has an RSI of 36.00. Sign up today to read free research on MM at:

On Wednesday, shares in Monster Worldwide Inc. fluctuated between $6.40 and $6.60 before ending the session 0.46% higher at $6.55. Monster Worldwide Inc.'s stock reported a trading volume of 1.20 million shares, below its three months average volume of 1.67 million shares. Although, Monster Worldwide Inc.'s shares have advanced 5.48% in the last one month, it has declined 6.83% in the previous three trading sessions and 8.13% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $6.07 and $6.18, respectively. Moreover, shares of the company have an RSI of 52.95. Sign up today to read free research on MWW at:

Pandora Media Inc.'s stock edged 0.19% higher, to close the day at $25.84. The stock recorded a trading volume of 6.42 million shares, much below its three months average volume of 10.25 million shares. The stock oscillated between $25.75 and $26.73 during the session. Over the last three trading sessions and since the start of this year, Pandora Media Inc.'s shares have declined 12.55% and 2.86%, respectively. However, the stock has gained 0.90% in the last one month. The stock is trading above its 50-day moving average of $25.71, while the 50-day moving average is below Pandora Media Inc.'s 200-day moving average of $29.15. Additionally, the stock has an RSI of 38.48. Sign up today to read free research on P at:


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SOURCE Investor-Edge

This article appears in: News Headlines

Referenced Stocks: MM, MWW, P, VRSN

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As of 8/20/2014, 04:04 PM