This reversal shows there's risk in the bullish stock market — and Facebook is further proof
Anyway, please note the following from the chart:• QQQ broke out on good earnings. Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies. Send it to Nigam Arora. Nigam Arora is an investor, engineer and nuclear physicist by background who has founded two Inc. 500 fastest-growing companies. He is the founder of The Arora Report, which publishes four newsletters.
Facebook insiders sold more stock than usual in the second quarter
not to mention The company reported second-quarter results Wednesday that missed Wall Street expectations and sent the stock tumbling after the market closed. Ahead of earnings, Zuckerberg sold hundreds of thousands of shares at roughly $30 above where they were trading Thursday. Chief Operating Officer Sheryl Sandberg sold $11.5 million worth, while Christopher Cox, chief product officer, sold $2 million worth. "With the stock rising, the smart thing to do would have been to sell the stock before it took eventual earning hit." Selling Facebook stock wouldn't make much of a dent, especially when most of it is not going in his own pocket.
Facebook plunge: Some say the stock will be just fine
Facebook's post-earnings bloodbath amounted to the biggest one-day loss of market value by a single company in U.S. stock market history. But some on Wall Street say shares of the social media network will easily recover. Alphabet's advertising strategy and Google's cloud features are major reason to own the stock over a name like Facebook, Tepper added. Facebook shares closed down nearly 19 percent on Thursday, closing at 176.26 per share and shedding $119.4 billion in market value. Twitter shares nosedived 14 percent before Friday's opening bell after the social media company reported disappointing data on monthly active users.
This reversal shows there's risk in the bullish stock market — and Facebook is further proof
Anyway, please note the following from the chart:• QQQ broke out on good earnings. Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies. Send it to Nigam Arora. Nigam Arora is an investor, engineer and nuclear physicist by background who has founded two Inc. 500 fastest-growing companies. He is the founder of The Arora Report, which publishes four newsletters.
Facebook plunge: Some say the stock will be just fine
as informed in The company reported second-quarter results Wednesday that missed Wall Street expectations and sent the stock tumbling after the market closed. Ahead of earnings, Zuckerberg sold hundreds of thousands of shares at roughly $30 above where they were trading Thursday. Chief Operating Officer Sheryl Sandberg sold $11.5 million worth, while Christopher Cox, chief product officer, sold $2 million worth. "With the stock rising, the smart thing to do would have been to sell the stock before it took eventual earning hit." Selling Facebook stock wouldn't make much of a dent, especially when most of it is not going in his own pocket.
Facebook insiders sold more stock than usual in the second quarter
Facebook's post-earnings bloodbath amounted to the biggest one-day loss of market value by a single company in U.S. stock market history. But some on Wall Street say shares of the social media network will easily recover. Alphabet's advertising strategy and Google's cloud features are major reason to own the stock over a name like Facebook, Tepper added. Facebook shares closed down nearly 19 percent on Thursday, closing at 176.26 per share and shedding $119.4 billion in market value. Twitter shares nosedived 14 percent before Friday's opening bell after the social media company reported disappointing data on monthly active users.
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