Large Inflow of Money Witnessed in Facebook

Facebook (FB) stock had a bullish inflow of $346.03 million worth of trades on uptick and an outflow of $320.72 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.08. The net money flow into the stock was $25.31 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $24.72 million. An inflow of $7.74 million block trade was recorded on downticks. $32.46 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 4.2 in favor of the bulls. However, Facebook (FB) stock traded down $0.84 , and reached $115.86, a drop of -0.72% over the previous day. On a weekly basis, the stock is 1.46%, over the previous weeks close.


Facebook (FB) : The highest short term price target forecast on Facebook (FB) is $170 and the lowest target price is $126. A total of 30 equity analysts are currently covering the company. The average price of all the analysts is $147.07 with a standard deviation of $11.01. The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 0.49%.

Facebook (NASDAQ:FB): The stock opened at $116.63 on Thursday but the bulls could not build on the opening and the stock topped out at $116.97 for the day. The stock traded down to $115.36 during the day, due to lack of any buying support eventually closed down at $115.85 with a loss of -0.73% for the day. The stock had closed at $116.70 on the previous day. The total traded volume was 16,630,201 shares.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

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