Bullish Comments from FBR Not Helping Facebook Shares
Shares of Facebook (NASDAQ: FB) are sliding again, down 4.4 percent to $59.96 in the face of some bullish comments from FBR Capital.
Analyst William Bird believes the company holds a strong and unique competitive position, based on a proprietary survey conducted alongside Clear Voice Research.
According to Bird, the survey revealed 81 percent of Facebook users visit the social network at least once per month, against only 37 percent for Twitter users.
Even more impressive, 51 percent of respondents said they were willing to pay $10 or more annually to replace current mobile voice plans with WhatsApp. The number of Facebook users who also use WhatsApp was low, Bird said.
Traders should be mindful of price action around the critical technical levels highlight by #Premarket Prep.
Latest Ratings for FB
|Sep 2016||JP Morgan||Maintains||Overweight|
|Sep 2016||Loop Capital||Initiates Coverage on||Buy|
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