Shares of Facebook slid 2.82% to $263.34 at 20:38 EST on Wednesday, following last session’s downward trend. NASDAQ Composite is dropping 0.61% to $12,740.79, following last session’s downward trend, This seems, as yet, a somewhat rough trend trading session today.
Facebook’s last close was $263.31, 15.69% below its 52-week high of $304.67.
Facebook’s sales growth is 24.7% for the current quarter and 24.7% for the next. The company’s growth estimates for the ongoing quarter and the next is 24.6% and 21.1%, respectively.
Year-on-year quarterly revenue growth grew by 21.6%, now sitting on 78.98B for the twelve trailing months.
Facebook’s last day, last week, and last month’s average volatility was a negative 2.91%, a negative 1.01%, and a negative 0.29%, respectively.
Facebook’s last day, last week, and last month’s high and low average amplitude percentage was 2.98%, 2.66%, and 2.69%, respectively.
Facebook’s Stock Yearly Top and Bottom Value
Facebook’s stock is valued at $263.34 at 20:38 EST, way below its 52-week high of $304.67 and way above its 52-week low of $137.10.
Facebook’s Moving Average
Facebook’s value is below its 50-day moving average of $275.42 and under its 200-day moving average of $264.27.
Previous days news about Facebook
Quibi nears deal with Roku after trying to tempt Facebook, snap. According to Bloomberg Quint on Tuesday, 5 January, “Quibi sought the interest of a range of prospective bidders, including Facebook Inc. and Snap Inc., said the people, who asked not to be identified because the discussions were private. “, “Facebook, meanwhile, has launched Facebook Watch, an on-demand video service that includes new shows with performers such as Taraji P. Henson. “
Now that the Georgia runoffs are over, Facebook is reinforcing its ban on political ads from users in the state. According to Business Insider on Wednesday, 6 January, “But now the Georgia runoffs have come to a close, Facebook wants the state to fall back under the US-wide political ad ban. “
Facebook smart glasses coming ‘sooner than later’ without AR. According to Bloomberg Quint on Wednesday, 6 January, “That’s a larger group than Facebook has working on billion-user apps Instagram and WhatsApp.”
Facebook, youtube remove trump video giving love to rioters. According to Bloomberg Quint on Wednesday, 6 January, “Even though the video tells the rioters, many of whom are armed, to go home, “on balance we believe it contributes to rather than diminishes the risk of ongoing violence,” Guy Rosen, Facebook Inc.’s head of integrity, said in a tweet on Wednesday.”
Facebook has removed a video of president trump spouting baseless claims of election fraud as his supporters violently stormed the US capitol. According to Business Insider on Wednesday, 6 January, “Both Facebook and Twitter have faced instances like this often in 2020 as the platforms sought to crack down on misinformation related to the 2020 presidential election, misleading information that was commonly spread by Trump himself. “