Facebook (FB) : Traders are bullish on Facebook (FB) as it has outperformed the S&P 500 by a wide margin of 1.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.8%, 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 1.13% in the last 1 week, and is up 0.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.64% and the fifty day Moving Average is 4.32%. Facebook, Inc. is up 4.67% in the last three month period. Year-to-Date the stock performance stands at 19.4%.
Facebook (FB) : 30 investment research analysts covering Facebook (FB) have an average price target of $155.4 for the near short term. The highest target price given by the Brokerage Firm to the stock is $185 and the lowest target is $126 for the short term. Analysts expect the variance to be within $12.64 of the average price.
Facebook (NASDAQ:FB): stock turned positive on Friday. Though the stock opened at $124.05, the bulls momentum made the stock top out at $125.19 level for the day. The stock recorded a low of $123.91 and closed the trading day at $124.96, in the green by 0.86%. The total traded volume for the day was 17,504,825. The stock had closed at $123.89 in the previous days trading.
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.