Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day. Facebook Inc. hit a new low of $18.75 before bouncing back to $20.01 by the time the stock market closed. (Aug. 20).
Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day. Facebook Inc. hit a new low of $18.75 before bouncing back to $20.01 by the time the stock market closed. (Aug. 20)
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Facebook stock hit a new low on Tuesday as filings showed that a Facebook executive is unloading more shares and that CEO Mark Zuckerberg is pledging to keep all of his stock for at least a year.
A regulatory filing by the Menlo Park, Calif.-based company also revealed that Facebook is moving up the expiration date of a post-IPO ban on stock sales by employees by two weeks.
Facebook's stock (FB) fell to $17.55 in Tuesday trading, its lowest point ever, and closed down 33 cents at $17.73, its lowest close since its May IPO. The stock was down 1.8% for the day, and it has tumbled 53% from its IPO price of $38.
Filings also showed that Facebook co-founder Dustin Moskovitz is shedding another 450,000 of the social networking company's shares, for a take of about $8.3 million.
Moskovitz has been selling 150,000 shares a day and disclosing the sales every three days. Including the most recent sales, he still holds about 132 million shares.
The latest filing was made Tuesday and covered sales since last Thursday. He sold shares at prices ranging from $17.56 to $19.42.
Moskovitz, 28, was Zuckerberg's Harvard roommate when they founded Facebook in 2004. He left in 2008 and started the software company Asana.
A regulatory filing also indicated that Zuckerberg won't sell stock in the company for at least the next 12 months.
Many of Facebook's rank-and-file employees can start selling stock they own on Oct.
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Sintex Industries is one of the leading company in the fab and moulding sector. The company is showing growth for the last many quarter except during demonetization quarter. Company invested billions of INR in new plants and now the plants started generating revenue. The P/E Ratio of the company is way lower than Industry P/E. Sintex Industry also received the No objection to demerge its Moulding and Prefab business. Its the best time to accumulate Sintex Industries in small number and hold it for more than one year. Post demerger, Sintex Industries current shareholders will get the additional share of Sintex Plastic Ltd which will be listed in the stock market. The Long term value investor should not hear but play on the fundamental of the stock. Please consult your financial advisor before investing
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On Thursday today, the Sensex and the Nifty slumped more than 3 per cent to their lowest since May 2014 and headed for a fourth consecutive session of losses after Fed chair Janet Yellen kept options open for more US rate hikes.
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Just hours previously Zendaya Coleman had confirmed she would no longer be starring in the Lifetime biopic of the late singer Aaliyah.
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India's Rohit Sharma was left embarrassed after dropping a simple catch in the West Indies v India Test Match.
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