Facebook Inc (NASDAQ: FB)
Facebook stock had a rough week in the market last week. They weren’t the only stock however. As a matter of fact, the Dow Jones Industrial Average, S&P 500, and NASDAQ all closed the week in the red. Nonetheless, I think we’re going to see something completely different from Facebook this week.
We’ve Seen Quite A Bit Of Good News From Facebook Recently
One of the reasons I think we’re going to see a bit of a recovery this week is the fact that the news moves the market. Recently, we’ve been seeing quite a bit of good news. With stories talking about why Oculus will drive FB higher, analyst price target increases, and more, it only makes sense that Facebook stock will climb in value.
The Market Should Recover As A Whole
Last week, we saw a Spring sell off, mixed with concerns over the United States’ economic strength. While those concerns may not be gone entirely, it seems as though people have stopped talking about durable goods orders, the Federal Reserve increasing interest rates, and other economic hits we’ve been seeing in media lately. Instead, the major media outlets seem to be focusing on much more positive news. As I mentioned above, since the news moves the market, I think this is a sign of good things to come this week.
What We Saw From FB Today
FB started the day off falling; reaching $82.50 per share by 11:55. However, from there, we’ve started to see a recovery in the price of shares. Currently (2:17), FB is flirting with yesterday’s close; trading at $83.29 per share after a loss of 0.01%.
What Do You Think?
Do you think FB will make a recovery this week? Why or why not? Let us know in the comments below!