Facebook Sentiment Remains Relatively Firm (For Now) Despite Post-Earnings Selling And Downgrades
by Dr. Duru
On Monday evening, February 11, 2013, Bernstein downgraded Facebook (FB) from Outperform to Market Perform. This analyst action had such weight that it knocked FB down about 1% in after hours trading and the selling continued into the regular trading hours the following day. On relatively high volume of 93.4M shares, FB broke down below its 50-day moving average (DMA) and confirmed a growing downtrend from post-earnings highs. read more »
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