Facebook (FB) has risen sharply, recording gains of 2.12% in the past 4 weeks. However, the stock has corrected -1.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.73% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Facebook, Inc. is up 5.29% in the last 3-month period. Year-to-Date the stock performance stands at 18.06%. The stock has recorded a 20-day Moving Average of 0.19% and the 50-Day Moving Average is 3.86%.
Facebook (NASDAQ:FB): The stock opened at $123.60 on Friday but the bulls could not build on the opening and the stock topped out at $124.16 for the day. The stock traded down to $123.28 during the day, due to lack of any buying support eventually closed down at $123.56 with a loss of -0.28% for the day. The stock had closed at $123.91 on the previous day. The total traded volume was 11,688,265 shares.
Also, Brokerage firm Credit Suisse maintains its rating on Facebook (NASDAQ:FB). As per the latest information, the brokerage house raises the price target to $154 per share from a prior target of $145. The shares have been rated Outperform. The rating by the firm was issued on July 28, 2016.
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.