Facebook Inc. (FB) Moves Higher on Volume Spike for March 30

Equities Staff  |

Facebook Inc. (FB) traded on unusually high volume on Mar. 30, as the stock gained 4.42% to close at $159.79. On the day, Facebook Inc. saw 59.43 million shares trade hands on 356,837 trades. Considering that the stock averages only a daily volume of 39.07 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $195.32 and $138.81 over the last 52-weeks, its 50-day SMA is now $178.57, and its 200-day SMA $172.73. Facebook Inc. has a P/B ratio of 6.24. It also has a P/E ratio of 29.6.

Facebook Inc is the world's largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its products enable people to connect and share through mobile devices and personal computers.

Headquartered in Menlo Park, CA, Facebook Inc. has 25,105 employees and is currently under the leadership of CEO Mark Zuckerberg.

For a complete fundamental analysis analysis of Facebook Inc., check out Equities.com’s Stock Valuation Analysis report for FB.

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To get more information on Facebook Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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