Large Inflow of Money Detected in Facebook

Facebook (FB) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $378.64 million worth of transactions were on upticks, whereas, the downticks accounted for $374.17 million worth of transactions. The net money flow was a positive $4.48 million and the uptick to downtick ratio was 1.01. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.61 in their favor. The net money flow into the stock was $13.72 million. The value of block trades done on downticks was only $8.5 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $22.22 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Facebook (FB) was trading at $125.39, down $1.15 during day. The stock slid -0.91% over the previous days close. For the week, the stock recorded 0.35% over the previous weeks close.


Also, In a research note released to the investors, Credit Suisse maintains its rating on Facebook (NASDAQ:FB).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse raises the new price target from $145 per share to $154 per share. The rating by the firm was issued on July 28, 2016.

Shares of Facebook, Inc. rose by 1.18% in the last five trading days and 1.23% for the last 4 weeks. Facebook, Inc. is up 5.94% in the last 3-month period. Year-to-Date the stock performance stands at 20.24%.

Facebook (NASDAQ:FB): The stock opened at $126.60 on Tuesday but the bulls could not build on the opening and the stock topped out at $126.60 for the day. The stock traded down to $125.15 during the day, due to lack of any buying support eventually closed down at $125.84 with a loss of -0.55% for the day. The stock had closed at $126.54 on the previous day. The total traded volume was 17,804,286 shares.

In a related news,The officer (Chief Financial Officer) of Facebook Inc, Wehner David M. sold 10,528 shares at $123.59 on August 19, 2016. The Insider selling transaction had a total value worth of $1,301,156. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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