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FFN operating in one of the hottest industries has been on a run. |
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Released on Sunday, February 12, 2012, 3:00 PM ET
Pittsburgh, PA (SpeculatingStocks) - The hottest industry out there over the past 5-days has been the Internet Content & Information industry. FriendFinder Networks (NASDAQ:FFN) has been operating in this industry and has been one of the hottest stocks over the past two months, climbing 350% since mid-December.
FFN is right in the middle of the social networking mix, but receives a significantly less valuation than the likes of LinkedIn, Facebook and others. FFN's runs a network of social networking sites instead of just one centralized network. This is hurting FFN's valuation with FFN currently around a market cap of $71 million.
FFN's sites are some of the most heavily-trafficked sites in the world including FriendFinder.com, Amigos.com, PerfectMatch.com, YoungAtHeart.com and many others.
This stock has been seeing significantly increased attention with trading days in FFN reaching volume in the millions. FFN has a 52-week high of $10.01, which occurred at IPO in the spring of 2011.
FFN is currently overbought as per an RSI of 82.33. However, FFN is operating in a super-hot industry and another leg higher could occur after a correction in FFN shares.
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