Shares of Facebook (FB) Drops by -0.32%

Facebook (FB) has risen sharply, recording gains of 3.4% in the past 4 weeks. However, the stock has corrected -0.32% in the past 1 week, providing a good buying opportunity on dips. Facebook (FB) : During the past 4 weeks, traders have been relatively bearish on Facebook (FB), hence the stock is down -0.93% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.79% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.87% and the 50-Day Moving Average is 0.12%.

Facebook (NASDAQ:FB): The stock opened at $117.74 on Friday but the bulls could not build on the opening and the stock topped out at $118.28 for the day. The stock traded down to $116.58 during the day, due to lack of any buying support eventually closed down at $116.86 with a loss of -0.37% for the day. The stock had closed at $117.29 on the previous day. The total traded volume was 16,645,964 shares.


The company Insiders own 19.08% of Facebook shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.36% . Institutional Investors own 58.66% of Facebook shares. During last six month period, the net percent change held by insiders has seen a change of -10.73%. In a related news,The officer (Chief Product Officer) of Facebook Inc, Cox Christopher K sold 15,600 shares at $117.71 on July 11, 2016. The Insider selling transaction had a total value worth of $1,836,276. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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