Facebook Inc (FB) Files Form 4 Insider Selling : Jan Koum Sells 2,008,342 Shares

Facebook Inc (FB): Jan Koum , director of Facebook Inc sold 2,008,342 shares on Apr 28, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $118.46 per share for a total value of $237123696 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 27, 2016, Christopher K Cox (Chief Product Officer) sold 15,600 shares at $109.94 per share price.On Apr 27, 2016, Colin Stretch (VP and General Counsel) sold 1,000 shares at $110.47 per share price.Also, On Apr 20, 2016, Jan Koum (director) sold 1,434,530 shares at $110.16 per share price.On Apr 19, 2016, Sheryl Sandberg (Chief Operating Officer) sold 148,104 shares at $110.19 per share price.

Facebook Inc: On Wednesday, Apr 27, 2016 heightened volatility was witnessed in Facebook Inc which led to swings in the share price. The shares opened for trading at $107.94 and hit $108.94 on the upside , eventually ending the session at $108.89, with a gain of 0.12% or 0.13 points. The heightened volatility saw the trading volume jump to 5,22,13,107 shares. The 52-week high of the share price is $117.59 and the company has a market cap of $309,931 M . The 52-week low of the share price is at $72.

Facebook Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.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 Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 145 from a previous price target of $130 .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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