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


Editor Note: For more information about this release, please scroll to bottom.

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:



http://www.investor-edge.com/4721-register



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:



http://www.investor-edge.com/4721-VRSN-10Jul2014.pdf



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:



http://www.investor-edge.com/4721-MM-10Jul2014.pdf



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:



http://www.investor-edge.com/4721-MWW-10Jul2014.pdf



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:



http://www.investor-edge.com/4721-P-10Jul2014.pdf



EDITOR'S NOTES:



1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.



2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.



3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.



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SOURCE Investor-Edge



This article appears in: News Headlines

Referenced Stocks: MM, MWW, P, VRSN


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