Facebook Inc (NASDAQ:FB), traded at gained 1.33% and is priced at $109.53, on Wednesday. The company holds the market capitalization of $309.47B
In the last five days of trading, the company has gained about 7.2% while it has gained over 17.24% in the past 1 month.
The 50 and 20 days moving average for the company is 14.25% and 7.44% respectively. A total volume of 19.57M shares was traded across the day, as compared to its average daily volume of 28.22M shares. The 52 week low and high for the company is $72.00 and $110.65 respectively.
FB, latest closing price of $109.35 is at a premium to its 200-day moving average price of $26.23. Its 52-week range has been $72.00 $110.65; it is trading at discount versus its 52-week high of $110.65 achieved on Nov 5, 2015 and a premium to its 52-week low of $72.00 faced on Aug 24, 2015. The stock, as of recent close, has shown weekly upbeat performance of 5.20% which was maintained at 43.88% in this year.
The mean estimate for the short term price target for Facebook Inc (NASDAQ:FB), stands at $123.49 according to 45 Analysts. The higher price target estimate for the stock has been calculated at $155.00 while the lower price target estimate is at $68.00.
Analysts mean recommendation for the stock is 1.70. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
Facebook Inc. introduced a mobile app that sends customized alerts to smartphone users, further deepening the ties between media companies and the social media giant, according to Bloomberg
Facebook’s “Notify” app sends alerts to a smartphone’s lock screen on topics based on a user’s interests, such as sports, news, music or movies. For instance, the app could issue an alert about a movie release, then comprise a link to Fandango’s mobile site to buy tickets. Or it could send an alert linking to a Washington Post article about travel gridlock in the D.C. area.
“Notifications are becoming one of the primary ways people first learn about things wherever they are,” Facebook product manager Julian Gutman wrote in a blog post Wednesday about the new app.
Facebook’s approach with Notify differs from Instant Articles in an important way: While Instant Articles hosts stories directly on Facebook’s platform, Notify sends people back to other companies’ sites, allowing them to boost their Web traffic. Bloomberg Report
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
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