Last week was huge for the Social Stock Tracker, with the index up 9.25%. The total value is now at $38.5 billion.
Of course, the main driver was the Facebook IPO filing. It helped the overall market as well as social stocks. The Nasdaq Composite hit 2,905.66 — the highest level since December 2000.
For the second week, Zynga (NASDAQ:ZNGA) was the top stock, up 33%. Interestingly enough, some analysts gleaned insights on Zynga’s possible fourth-quarter numbers from Facebook’s filing.
There were other big winners, too. Groupon (NASDAQ:GRPN) rose by 22%, and Zillow (NASDAQ:Z) was up 9%.
Not all social stocks benefited, however. Pandora (NYSE:P), HomeAway (NASDAQ:AWAY) and Angie’s (NASDAQ:ANGI) recorded small losses.
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli or reach him via email. As of this writing, he did not own a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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