Facebook Inc (FB) Files Form 4 Insider Selling : Susan Desmond-hellmann Sells 625 Shares

Facebook Inc (FB): Susan Desmond-hellmann , director of Facebook Inc sold 625 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $119.52 per share for a total value of $74,700.00 , 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 5, 2016, Jan Koum (director) sold 286,906 shares at $117.88 per share price.On May 4, 2016, Peter Thiel (director) sold 857,626 shares at $118.06 per share price.Also, On May 4, 2016, Michael Todd Schroepfer (Chief Technology Officer) sold 20,000 shares at $117.82 per share price.On May 2, 2016, David M. Wehner (Chief Financial Officer) sold 7,973 shares at $119.90 per share price.

Facebook Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Facebook Inc which led to swings in the share price. The shares opened for trading at $119.62 and hit $120.5 on the upside , eventually ending the session at $120.5, with a gain of 1.06% or 1.26 points. The heightened volatility saw the trading volume jump to 2,32,20,046 shares. The 52-week high of the share price is $120.79 and the company has a market cap of $344,667 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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