Facebook CTO sells 25,000 shares


Bobby Raines 01/03/2014

Michael Schroepfer, the CTO of Facebook ( FB ) sold 25,000 shares of the company's common stock on Dec. 30. At $54.90 Schroepfer pulled in a total of $1,372,500 from the sale.

IK-> The technicals for FB ($54.86 up $0.15) are bullish with a neutral trend. Recent support has been around $53.64 and recent resistance has been around $57.35. Standard & Poor's has a three STARs (our of five) rating on the stock. Look at the Feb. 70/75 bear-call spread for a 26-cent credit. That's a 5.49% return and the stock has to rise 27.6% 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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options

Referenced Stocks: FB

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