Facebook Inc (FB) Files Form 4 Insider Selling : David M. Wehner Sells 22,986 Shares

Facebook Inc (FB): David M. Wehner , Chief Financial Officer of Facebook Inc sold 22,986 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $118.65 per share for a total value of $2,716,343.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Michael Todd Schroepfer (Chief Technology Officer) sold 68,217 shares at $118.66 per share price.On May 17, 2016, David B. Fischer (VP Marketing & Bus. Part.) sold 21,051 shares at $118.71 per share price.Also, On May 17, 2016, Sheryl Sandberg (Chief Operating Officer) sold 29,338 shares at $118.67 per share price.On May 12, 2016, Susan Desmond-hellmann (director) sold 625 shares at $119.52 per share price.

Shares of Facebook Inc (FB) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -1.14 points or -0.95% at $118.67 with 3,12,47,834 shares getting traded. Post opening the session at $119.38, the shares hit an intraday low of $117.35 and an intraday high of $119.61 and the price vacillated in this range throughout the day. The company has a market cap of $339,432 M and the number of outstanding shares has been calculated to be 2,86,03,04,500 shares. The 52-week high of Facebook Inc is $121.08 and the 52-week low is $72.

Facebook Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Facebook Inc is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 150 from a previous price target of $135 .The Rating was issued on May 13, 2016.Facebook Inc is Reiterated by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 157 from a previous price target of $154 .The Rating was issued on Apr 28, 2016.Facebook Inc is Reiterated by Axiom Capital to Buy and the brokerage firm has raised the Price Target to $ 155 from a previous price target of $150 .The Rating was issued on Apr 28, 2016.Facebook Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 140 from a previous price target of $130 .The Rating was issued on Apr 28, 2016.Facebook Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 165 from a previous price target of $160 .The Rating was issued on Apr 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.

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Facebook Inc - Is it time to Sell?

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