Facebook COO sells $13 million in shares

By Bobby Raines,

Shutterstock photo

Bobby Raines 12/09/2013

Sheryl Sandberg, the COO of Facebook ( FB ) , sold 283,334 shares of the company's common stock on Dec. 4. At prices between $46.67 and $48.50, Sandberg pulled in a total of $13,437,377 from the sale.

IK-> The technicals for FB ($48.17 up $0.26) are bullish with a neutral trend. Recent support has been around $46.37 and recent resistance has been around $49.16. Standard & Poor's has a four STARs (out of five) rating on the stock. Look at the Feb. 60/65 bear-call spread for a 40-cent credit. That's an 8.7% return and the stock has to rise 24.6% 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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