Monday, December 3, 2012

Facebook Jumps as Shares Unlocked | Essentials

Facebook Jumps as Shares Unlocked

Excerpt:

Shares of social network Facebook (NASDAQ: FB) jumped today as 800 million shares were unlocked by early investors and employees, creating the biggest increase in stock available to the public since the company's disasterous public offering in May. Facebook stock traded up about 9 percent mid-day to $21. 64 as its third lockup period expired. Under federal rules, certain insider shareholders are prohibited from selling in the months after a new share issue. "Clearly there has been a lot of anticipation about today's lockup expiration and what that may mean for the shares," said Rick Summer, an analyst with investment firm Morningstar. Shares of the social media giant have recovered somewhat after falling drastically from Facebook's initial public offering price of $38. The conventional wisdom is that a large increase in the number of unlocked shares would put downward pressure on the stock price.

People:

Rick Summer

Overall Sentiment: 0.192279

Relevance: 0.495554

SentimentQuote
-0.0708325"Clearly there has been a lot of anticipation about today's lockup expiration and what that may mean for the shares," said Rick Summer, ...
0.115706Summer calls the current price "attractive." In October, Facebook reported better than expected third-quarter results, such as growth in ad revenue and a "meaningful" ...
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: 0.0448735
  • Mean: 0.02243675
  • Standard Deviation: 0

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Company: Facebook

Overall Sentiment: 0.119161

Relevance: 0.792394

Technology: Facebook

Overall Sentiment: 0.0536821

Relevance: 0.385745

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