Facebook CTO sells 25,000 shares
Bobby Raines 01/03/2014
Michael Schroepfer, the CTO of
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]