Large Outflow of Money Witnessed in Facebook, Inc.

Facebook, Inc. (FB) managed to stay afloat and traded higher with an addition of 2.91 point or 2.23% at $133.23. The money flow data is a negative $(-16.31) million with $1082.97 million in upticks and $1099.29 million in downticks. The intraday up/down ratio came in at 0.99. The shares has seen 0.79% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $60.79 million and the combined worth of the downticks was $80.93, Million, leading to the up/down ratio of 0.75. The block trade saw a net money flow of $(-20.15) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Facebook, Inc. rose by 1.33% in the last five trading days and 15.8% for the last 4 weeks. Facebook, Inc. is up 1.71% in the last 3-month period. Year-to-Date the stock performance stands at 15.8%. Facebook, Inc. (NASDAQ:FB) rose 2.23% or 2.91 points on Wednesday and made its way into the gainers of the day. After trading began at $132.25 the stock was seen hitting $133.49 as a peak level and $130.68 as the lowest level. The stock ended up at $133.23. The daily volume was measured at 50,139,775 shares. The 52-week high of the share price is $133.5 and the 52-week low is $96.82. The company has a market cap of $383,991 million.

Company has reported several Insider transactions to the SEC, on Jan 24, 2017, Colin Stretch (VP and General Counsel) sold 750 shares at 129.47 per share price.On Jan 24, 2017, Christopher K Cox (Chief Product Officer) sold 16,000 shares at 128.16 per share price.On Jan 18, 2017, Sheryl Sandberg (Chief Operating Officer) sold 109,000 shares at 127.75 per share price.

Facebook Inc Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $1.31. The company had revenue of $8629.00 million for the quarter, compared to analysts expectations of $8494.58 million. The companys revenue was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Facebook Inc was Resumed by Pacific Crest to Overweight on Jan 20, 2017. Facebook Inc was Upgraded by Raymond James on Jan 13, 2017 to Strong Buy, Price Target of the shares are set at $160.Facebook Inc was Initiated by Aegis Capital on Jan 3, 2017 to Buy, Price Target of the shares are set at $150.Facebook Inc was Reiterated by Canaccord Genuity on Dec 1, 2016 to Buy, Lowers Price Target to $ 150 from a previous price target of $160 .

Facebook Inc. operates a social networking website worldwide. The Companys products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.


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