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Koum Jan decreases stake in Facebook, Inc. (NASDAQ:FB) with selling 577125 shares

Facebook, Inc. (NASDAQ:FB) started the day trading at $172.40 and exhibited higher shift of +0.03% while the stock’s buy and sell trade closed at $ 172.02. However, its previous closing price was recorded at $171.97. The stock exchanged overall volume of 11.68 million shares as compared to its average volume of 17.42 million shares.

The stock price showcased upward shift from its 50 day moving average of 167.98 and stood above from its 200 Day Moving Average of 151.39.

Recent Insider Activity:

Currently the Insiders own 0.10% of Facebook, Inc. shares. Institutional Investors own 72.50% of company’s shares. During last three month period, the net percent change held by Institutional Investors has seen a change of -0.22%. During last six month period, the net percent change kept by insiders has seen a change of -87.16%.

In the company’s insider trading activities, Koum Jan; Director of Facebook, Inc. sold 577125 shares worth of $98880689 in a transaction on 31 Aug 2017. In this transaction, these shares were sold at value of $171.33 per share, according to the information disclosed by the Securities and Exchange Commission in a Form 4 filing on 01 Sep 2017.

Koum Jan; Director of Facebook, Inc. sold 63629 shares worth of $10818228 in a transaction dated on 30 Aug 2017. Shares were sold at the average price of 170.02 per share, according to SEC Form 4 filing submitted on 01 Sep 2017.

In other transaction, Stretch Colin (VP and General Counsel) sold 750 shares on 29 Aug 2017 worth of $125138. In this Insider Trading activity, shares were sold with per share cost of $166.85.

Zuckerberg Mark (COB and CEO) of FB [NASD] sold 127183 shares worth of $21249553 at the average price of $167.08 on28 Aug 2017.

On 25 Aug 2017, Zuckerberg Mark (COB and CEO) sold 127342 shares at per share price of $166.87 with total value of $21249709.

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Alton Brooks

Alton Brooks has wide experience of content writing. He covers news about Technology sector Companies which updated frequently. He is a business graduate with a good command over the English language. He has been writing and editing professionally for over six years.

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