Facebook Inc (FB) Files Form 4 Insider Selling : Colin Stretch Sells 750 Shares

Facebook Inc (FB): Colin Stretch , VP and General Counsel of Facebook Inc sold 750 shares on Sep 27, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $127.63 per share for a total value of $95,722.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 28, 2016, Christopher K Cox (Chief Product Officer) sold 15,600 shares at $127.18 per share price.On Sep 26, 2016, Mark Zuckerberg (COB and CEO) sold 735,977 shares at $128.84 per share price.Also, On Sep 22, 2016, Jan Koum (director) sold 966,668 shares at $129.48 per share price.On Sep 22, 2016, Colin Stretch (VP and General Counsel) sold 750 shares at $128.97 per share price.

Facebook Inc: On Tuesday, Sep 27, 2016 heightened volatility was witnessed in Facebook Inc which led to swings in the share price. The shares opened for trading at $127.61 and hit $129.01 on the upside , eventually ending the session at $128.69, with a gain of 1.08% or 1.38 points. The heightened volatility saw the trading volume jump to 1,56,37,111 shares. The 52-week high of the share price is $131.98 and the company has a market cap of $369,554 M . The 52-week low of the share price is at $85.72.

Facebook Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Facebook Inc is Reiterated by JP Morgan to Overweight and the brokerage firm has raised the Price Target to $ 175 from a previous price target of $170 .The Rating was issued on Sep 27, 2016.Facebook Inc is Initiated by Loop Capital to Buy and the brokerage firm has set the Price Target at $165. The Rating was issued on Sep 23, 2016.Facebook Inc is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 165 from a previous price target of $150 .The Rating was issued on Aug 1, 2016.Facebook Inc is Downgraded by Monness Crespi & Hardt to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 28, 2016.Facebook Inc is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 170 from a previous price target of $160 .The Rating was issued on Jul 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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