Large Outflow of Money Witnessed in Facebook

Facebook (FB) : The value of composite uptick trades was $406.25 million, whereas, the value of composite downtick trades was $418.7 million. The uptick to downtick ratio stood at 0.97 with a negative money flow of ($12.45) Million during Fridays trading session. The block trades money flow was negative ($4.16 million).The uptick to the downtick ratio of 1.54 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $11.81 million. The transaction of the trades on downticks amounted to $7.65 million, which confirms investors selling on the strength of price. Facebook (FB) gained 39 cents at $121, an increase of 0.32% over the previous days close.


Facebook (FB) : 30 Wall Street analysts covering Facebook (FB) believe that the average level the stock could reach for the short term is $147.07. The maximum price target given is $170 and the minimum target for short term is around $126, hence the standard deviation is calculated at $11.01.

Facebook (NASDAQ:FB): stock turned positive on Friday. Though the stock opened at $119.9, the bulls momentum made the stock top out at $121.01 level for the day. The stock recorded a low of $119.31 and closed the trading day at $121, in the green by 0.32%. The total traded volume for the day was 18,422,410. The stock had closed at $120.61 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP Marketing & Bus. Part.) of Facebook Inc, Fischer David B. had sold 7,821 shares worth of $918,420 in a transaction dated July 15, 2016. In this transaction, 7,821 shares were sold at $117.43 per share.

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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