Facebook Inc 4 Hour Price Update
Updated June 23, 2020 04:29 PM GMT (12:29 PM EST)
The price of FB rose $5.11 (2.14%) over the past four hours. To help put that in perspective, note that Facebook Inc’s peers in the in the Business Services industry are up 1.31% on average during this time, while the broader Technology sector is up by an average of 1.28%.
Facebook Inc Daily Price Recap
Facebook Inc came into today up 0.18% ($0.43) from the open of yesterday, marking the 3rd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 38.88% from the day before — and down 30.54% from the same day the week before. The daily price chart of Facebook Inc below illustrates.
Facebook Inc Technical Analysis
Volatility for Facebook Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Facebook Inc’s price has gone up 19 of the previous 30 trading days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to FB:
$FB I used to short & short against the trend and lost a chunk of my profits (glad I have some discipline and never let my losses hurt the capital). Just a sincere word of advice – short where it is warranted, in general stocks go up 80% of the time, just go long and make money, don't fight the Fed or the trend, you can't win