Facebook Inc (FB) Moves Up For the 2nd Day In A Row

Facebook Inc 4 Hour Price Update

Updated June 22, 2020 04:30 PM GMT (12:30 PM EST)

The price of FB jumped $0.89 (0.37%) over the past four hours. For context, Facebook Inc’s peers in the in the Business Services industry are up 0.66% on average in this time, while the broader Technology sector is up by an average of 0.81%.

Facebook Inc Daily Price Recap

Facebook Inc is up 1.21% ($2.85) since yesterday, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 91.88% from the day prior, and up 45.66% from the same day the week before. Here is a daily price chart of Facebook Inc.

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 7 of the previous 10 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about FB:

    $FB Facebook (FB) closed the most recent trading day at $235.65, moving +1.35% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.9%. Elsewhere, the Dow gained 2.05%, while the tech-heavy Nasdaq added 1.75%.
    [[http://psce.pw/NextMajorUSIndustry]]

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