Facebook (NASDAQ:FB) has tumbled 3.09% during the past week and has dropped 3.69% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.92%. Facebook (NASDAQ:FB) has underperformed the index by 4.57% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Facebook (NASDAQ:FB): The stock opened at $114.42 on Friday but the bulls could not build on the opening and the stock topped out at $114.43 for the day. The stock traded down to $112.56 during the day, due to lack of any buying support eventually closed down at $113.02 with a loss of -1.20% for the day. The stock had closed at $114.39 on the previous day. The total traded volume was 24,644,308 shares.
The company shares have rallied 33.37% from its 1 Year high price. On May 11, 2016, the shares registered one year high at $121.08 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $117.79 and the 200 Day Moving Average price is recorded at $109.49.
On the companys insider trading activities,The officer (Chief Product Officer) of Facebook Inc, Cox Christopher K sold 5,934 shares at $115.01 on June 15, 2016. The Insider selling transaction had a total value worth of $682,469. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Axiom maintains its view on Facebook (NASDAQ:FB) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Axiom raises the price target from $150 per share to $155 per share on Facebook . The rating by the firm was issued on April 28, 2016. Currently the company Insiders own 19.08% of Facebook shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.19% . Institutional Investors own 58.78% of Facebook shares. During last six month period, the net percent change held by insiders has seen a change of -6.29%.
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.