NEW YORK, NY -- (Marketwire) -- 12/17/12 -- Stocks On The Move Report: Facebook, Inc. (NASDAQ: FB), Best Buy Co., Inc. (NYSE: BBY), ARIAD Pharmaceuticals, Inc. (NASDAQ: ARIA), Psychic Friends Network Inc. (OTCQB: PFNI).
Facebook, Inc. (FB) saw a sharp decline during Friday's trading session as it's fourth share lock up of nearly 150 million shares expired. Shares slid $1.43 or 5.06% to close the day at $26.81. In the past month the company has seen it's share price rise nearly 50% as bullish sentiment spread on Wall Street about the companies future prospects in mobile advertising. Could share prices rebound to start the week? Find out what to expect from the company this week in our exclusive report: http://squawkboxstocks.com/report/FB
Best Buy Co., Inc. (BBY) shares fell on Friday after the struggling electronics retailer said it extended the window for co-founder Richard Schulze to make a buyout bid until after the holiday season. Shares fell $2.07, or 14.6 percent, to close the week at $12.05. Friday's decline erased most of the gains made Thursday when Best Buy shares jumped 16 percent on a report that Schulze would make a bid by the end of the week. The report cited unidentified sources. Will a new buyer emerge prior to the holidays sending shares higher? Find out more in our exclusive report at: http://squawkboxstocks.com/report/BBY
ARIAD Pharmaceuticals, Inc. (ARIA) saw shares decline 20.73% to close the week at $18.93 after the company said that the FDA had approved the company's leukemia treatment, but will require it to include a warning on the drug's box. The warning will state that the drug, Iclusig, can cause blood clots and liver toxicity, ARIAD disclosed earlier Friday. Will the share price of ARIA continue to fall or see a recovery to start the week? Find out in our exclusive report at: http://squawkboxstocks.com/report/ARIA
Psychic Friends Network Inc. (PFNI) ended up being the biggest loser on the OTC market Friday. Shares saw a decline of 52.77% closing at $0.29. Volume was strong with over 3.8 million shares changing hangs which is nearly three times it's average three month volume. On Tuesday, the company reported it is leveraging new mobile and Internet technologies to reach a new generation of consumers and increase revenue beyond their impressive past levels. Find out if the stock is due for further declines or if a recovery is on the way to start the week by reading our exclusive report at: http://squawkboxstocks.com/report/PFNI
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