Early Facebook investor sells a third of holdings

By Bobby Raines,

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Early Facebook investor sells a third of holdings

Bobby Raines 11/12/2013

Investment firm Andreesen Horowitz, sold a total of 2.28 million shares on shares of the Facebook's ( FB ) common stock on Nov. 6. The sale of a third of the investment company's common stock was made at prices between $49 and $50 per share.

IK-> The technicals for FB ($46.44 up $0.24) are bullish with a downward trend. Recent support has been around $45.82 and recent resistance has been around $49.65. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Dec. 55/60 bear-call spread for a 24-cent credit. That's a 5.26% return and the stock has to fall 18.4% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing Options
Referenced Stocks: FB

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