Editors Note: The list of top tickers is derived from the quote pages that received the most views on Yahoo! Finance by examining data for the current week. It is not, however, a list of the most searched-for tickers on our site.
1. Apple (AAPL)
Apple kicked off the week by making a rare admission -- it had been hacked.
“Apple Inc was recently attacked by hackers who infected Macintosh computers of some employees, the company said Tuesday in an unprecedented disclosure describing the widest known cyber attacks targeting Apple computers used by corporations,” Reuters reported.
Shares were dinged again after the Financial Times reported that Foxconn Technology Group, Apple’s key manufacturing partner, was implementing a hiring freeze as it slowed production of Apple products. Foxconn moved quickly to respond, saying the freeze was the result of “an unprecedented rate of return of employees following the Chinese New Year holiday compared to years past....This action is not related to any single customer and any speculation to the contrary is false and inaccurate.”
There was also further evidence this week that Apple is losing the faith among Wall Street’s biggest names.
“American International Group (AIG) has replaced Apple Inc (AAPL) as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings,” reported Reuters.
"For the first time in three years [Apple] was not the top stock in our VIP list, instead ranking as the third most frequent top-10 holding," the report said, adding that funds reduced their Apple positions "by over 30 percent."
Shares of Apple fell 3.7% over the last five full trading days and are down 17.9% year to date.
2. Bank of America (BAC)
Bank of America CEO Brian Moynihan is being handsomely rewarded for steering the bank back to prominence. This week it was revealed that Moynihan earned a 73% bump in his pay for 2012, bringing his compensation to $12.1 million and making him one of the top-paid CEOs on The Street.
“In 2012 Moynihan earned $950,000 in salary but received no cash bonus, similar to 2011, the source said. The CEO's 2013 salary will increase to $1.5 million, the person said,” Reuters reported, adding that shares rose 109% in 2012 and logged the best performance on the Dow.
Other areas of the company are showing growth. On Tuesday, the company said it saw a record 28% surge in new assets come into its 401(k)s sold through its commercial bank. Some $24.3 billion in new assets have come in, according to Bloomberg.
Shares were down 6% for the week and are down 4.9% for the year to date.
3. BlackBerry (BBRY)
The early reads on sales of BlackBerry’s new BlackBerry10 smartphone are not cause for optimism. Canaccord Genuity analyst T. Michael Walkley cut his estimates for the year on Tuesday based on “mixed initial sales with limited initial supply cited as the reason for early post-launch stock-outs at some carrier stores rather than overwhelming demand.”
The next day, an analyst from Pacific Crest echoed those sales concerns. “We continue to believe the Z10 launch involves relatively small shipment volumes and only moderate sell-through so far in markets which have historically been some of BlackBerry’s strongest,” the report said.
Shares are down 13.3% for the week and up 12.5% for the year to date.
4. Facebook (FB)
CEO Mark Zuckerberg was among a handful of high-profile executives on hand early this week to announce the first Breakthrough Prize in Life Sciences awards. The first round of awards saw 11 scientists each receive $3 million for their work.
The event also gave Zuckerberg a chance to try out a pair of Google glasses.
“There is perhaps no one more excited for Google Glass than Facebook cofounder Mark Zuckerberg,” said Forbes, adding later that Zuckerberg was heard to say “I can’t wait to get my own,” as he tried on Google cofounder Sergey Brin’s pair.
Zuckerberg’s apparent enthusiasm over Google Glass and his desire to develop products for it should be a welcome sign as investors and analysts look for Facebook to move more quickly into the mobile arena.
Facebook shares fell 5% over the last five full trading days and are down 2.5% year to date.
5. magicJack VocalTec (CALL)
Shares of magicJack have taken a beating this year after a Seeking Alpha blog post that ran in early January accused the company of improper accounting to boost profits.
Said a Bloomberg report:
“MagicJack, which sells voice-over-Internet services, dropped after a Jan. 8 blog post on the Seeking Alpha website attributed to 'Copperfield Research' said the company used “accounting gimmicks” to boost profits and that the ex-CEO used his common equity on margin as collateral for debt. Borislow, who relinquished his post to Gerald Vento on Jan. 1, said the post was 'clear and utter lies,' in a phone interview yesterday from West Palm Beach, Florida.”
Since that time, a string of lawsuits seeking class action status have been filed against the company.
There were no new developments surrounding the company this week, but trading volumes have been high. Shares fell 8.7% over the last five full trading days and are down 34.4% for the year to date.
- Investment & Company Information