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Facebook CTO sells 25,000 shares

By: InvestorsObserver
Posted: 1/3/2014 1:36:00 PM
Referenced Stocks: FB

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]