Stocks Cheers on Upbeat Move: Facebook, Inc. (NASDAQ:FB), Marten Transport Ltd. (NASDAQ:MRTN), CSX Corp. (NYSE:CSX)

April 26, 2023 4:26 am2 commentsViews: 65

Facebook, Inc. (NASDAQ:FB) moved up in previous session as it has many friends on Wall Street. The social media site broke the record because the fastest firm to exceed a $250B valuation in the Standard & Poor’s 500 Index following a 2.4% stock surge on Monday. The Menlo Park-based tech firm hit a $253B market cap only three years following its IPO. Google, the previous record holder, took eight years to break that barrier, per Bloomberg. Wall Street is wild about tech stocks, but it’s over the moon about Facebook. The company’s stock shares trade at 87 times earnings. Most companies on Nasdaq trade at a price-earnings ratio of 27, per Bloomberg. Facebook, Inc. (NASDAQ:FB) begun last trade with a price of $90.47 and throughout the trading session climbed at a high of $90.80. The day-trade ended with -0.47% to $89.68. The stock is going forward to its 52 week low with 35.80% and lagging behind from its 52 week high price with -0.60%. FB last month stock price volatility remained 1.81%.

Marten Transport Ltd. (NASDAQ:MRTN) surged in previous session as it released net income for the Q2 of $8.4M or $0.25 a share, as compared to $7.9M or $0.24 per share for the year-before quarter. The firm reported that its Q2 operating revenue, net of fuel surcharges, rose 6.1% to $143.9 million from $135.7 million a year earlier. Total operating revenue for the second quarter fell to $163.59 million from $168.42 million last year. Analysts polled by Thomson Reuters expected the company to earn $0.30 per share on revenue of $168.97 million for the second quarter. Analysts’ estimates typically exclude special items. Marten Transport Ltd. (NASDAQ:MRTN) has the market capitalization of 765.71 Million. Shares of firm climbed 2.75% to close at $22.81 with the total traded volume of 220079. The firm has current ratio of 2.00 for the most recent quarter.

Railroad operator CSX Corp. (NYSE:CSX) reported on Tuesday that its Q2 net earnings of $553M or $0.56 a share as compared with $529M or $0.53 per share previous year. Revenues for the quarter dropped 6% to $3.06B from $3.24B in the previous year. The analysts polled by Thomson Reuters anticipated earnings of $0.53 per share on revenues of $3.12B for the quarter. Analysts’ predicts typically exclude special items. Expenses for the quarter were lower by 9 percent at $2.05 billion. CSX said it expects to deliver mid-to-high single digit earnings per share growth for 2015, although the upper end of that range has become more challenging given the current energy environment. CSX Corp. (NYSE:CSX) stock price closed at $32.07 with the total traded volume of 12.32 Million shares. Its price to sales ratio ended at 2.48. Its market capitalization is 31.68 Billion. The stock owned by the Financial Institutions was 69.00% while by insiders was 0.30%.

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