Facebook Inc. (FB) Moves Lower on Volume Spike for March 22

Equities Staff  |

Facebook Inc. (FB) traded on unusually high volume on Mar. 22, as the stock lost 2.66% to close at $164.89. On the day, Facebook Inc. saw 73.44 million shares trade hands on 463,080 trades. Considering that the stock averages only a daily volume of 30.28 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 $137.60 over the last 52-weeks, its 50-day SMA is now $181.55, and its 200-day SMA $172.57. Facebook Inc. has a P/B ratio of 6.44. It also has a P/E ratio of 31.4.

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

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