Facebook (FB) Shares are Up 1.55%

Facebook (FB) : Traders are bullish on Facebook (FB) as it has outperformed the S&P 500 by a wide margin of 6.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.55% in the last 1 week, and is up 4.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.04% and the 50-Day Moving Average is 4.36%.The 200 Day SMA reached 13.93% Facebook, Inc. is up 14.2% in the last 3-month period. Year-to-Date the stock performance stands at 23.32%.


Facebook (FB) : The highest short term price target forecast on Facebook (FB) is $185 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 $155.73 with a standard deviation of $12.62.

For the current week, the company shares have a recommendation consensus of Buy. Facebook (NASDAQ:FB): The stock opened at $128.2 and touched an intraday high of $129.18 on Friday. During the day, the stock corrected to an intraday low of $128.2, however, the bulls stepped in and pushed the price higher to close in the green at $129.07 with a gain of 0.56% for the day. The total traded volume for the day was 24,119,174. The stock had closed at $129.07 in the previous trading session.

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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