Shares of Facebook (NASDAQ:FB) Sees Large Outflow of Money

Facebook (NASDAQ:FB): The stock had negative money flow to the tune of ($37.12 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $434.6 million, whereas, the outflow of money on downticks was $471.72 million and the ratio between the two was 0.92. The block trade had a negative net money flow of ($44.7 million). The total block trade value undertaken on upticks was $39.08 million. On the other hand, downticks amounted to $83.78 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.47. Facebook (NASDAQ:FB) closed with marginal gains of 146 cents to end the day at $114.16, an increase of 1.3% over the previous days close. The stock recorded 1.86% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Sandberg Sheryl, director officer (Chief Operating Officer) of Facebook Inc, had unloaded 109,000 shares at an average price of $114.42 in a transaction dated on June 22, 2016. The total value of the transaction was worth $12,471,780. 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 -4.55% . Institutional Investors own 58.67% of Facebook shares. During last six month period, the net percent change held by insiders has seen a change of -7.83%.

The company shares have rallied 29.67% 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 $116.71 and the 200 Day Moving Average price is recorded at $109.95. Facebook (NASDAQ:FB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $113.37 and $113.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.16, notching a gain of 1.30% for the day. The total traded volume was 20,968,273 . The stock had closed at $112.70 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.