Facebook (FB) : The value of composite uptick trades was $421.07 million, whereas, the value of composite downtick trades was $453.1 million. The uptick to downtick ratio stood at 0.93 with a negative money flow of ($32.03) Million during Wednesdays trading session. The block trades money flow was negative ($2.98 million).The uptick to the downtick ratio of 0.88 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $22.62 million. The transaction of the trades on downticks amounted to $25.6 million, which confirms investors selling on the strength of price. Facebook (FB) gained 142 cents at $122.03, an increase of 1.17% over the previous days close.
Also, Equity analysts at the Brokerage firm Axiom maintains its rating on Facebook (NASDAQ:FB). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Axiom raises the price target from $150 per share to $155 per share. The rating by the firm was issued on April 28, 2016.
Facebook (NASDAQ:FB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $121.25 and $120.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $122.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $121.92, notching a gain of 1.09% for the day. The total traded volume was 20,046,452 . The stock had closed at $120.61 on the previous day.
The stock has recorded a 20-day Moving Average of 5.54% and the 50-Day Moving Average is 4.43%. 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.