Facebook under pressure, Orbotech surges on deal, Synaptics down on Apple report
Let’s check out the Yahoo Finance charts of the day.
Facebook (FB): shares dropping here, down around 5%. Shares are under pressure in light of revelations that Cambridge Analytica, a consulting firm that worked on Trump’s campaign, had inappropriately gained access to the accounts of 50 million Facebook users.
Orbotech (ORBK): shares surging in early trade, up over 10%. Chip gear maker KLA-Tencor will buy Orbotech, which manufacturers products to make printed circuit boards and chip devices, for $3.4 billion in cash and stock.
Synaptics (SYNA): shares slipping here, down over 1%. The news? Bloomberg is reporting Apple is developing its own screens for future iPhones, a development that could hurt suppliers like touchscreen maker Synaptics.
For more on today’s big stock movers check out the Final Round, live at 3:55pm eastern, right here on Yahoo Finance.
