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Facebook, Inc. (NASDAQ: FB) shares modestly closed down 0.94 percent on Thursday with nearly 90 million shares traded. Facebook CEO Mark Zuckerberg is selling $2.3 billion worth of holdings in part to pay taxes; based on Wednesday's closing price of $55.57, the 70 million total shares offered would be worth about $3.9 billion.
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Olie Inc. (OTCBB: OLIE) shares closed up 3.09 percent on Thursday with about 97 million shares traded. The stock was one of the most active stocks in the OTCBB market. The company announced that it is in an advanced stage of completing a Letter of Intent to accomplish a Forward Acquisition transaction of Hi Score Corporation, (HSCO) as a wholly owned subsidiary of OLIE. The transaction will be for Convertible Preferred D Stock of OLIE. Final acquisition documents will be completed once HSCO has completed its look back audit.
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T-Mobile US, Inc. (NYSE: TMUS) shares closed up 8.66 percent on Thursday with about 15.6 million shares traded. The stock hit a new 52-week high of $29.84 during intra-day trading. Dish Network is reportedly considering a bid for T-Mobile after failing to acquire Sprint earlier in 2013. According to a Reuters report, Dish has spoken to Deutsche Telekom, the majority owner of T-Mobile, about a possible deal.
Get more information on T-Mobile US, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/TMUS
IAC/InterActiveCorp (NASDAQ: IACI) shares closed up 13.98 percent on Thursday with about 8.4 million shares traded. The stock was one of the biggest gainers on the NASDAQ and hit a new 52-week high of $70.44 during intra-day trading. The company said it is getting rid of the chief executive role as it seeks to form a more horizontal organization. Current CEO Greg Blatt will step down from the role and become chairman of the newly-created Match Group, which oversees the popular Match.com dating site.
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