Market Overview

Facebook Shares Edge Higher After Filing for Regulatory Approval for e-Money Service in Ireland

Related FB
#PreMarket Primer: Friday, August 29: Japanese Economy Proves Resilient
Markets Little Changed In Low Volume And Slow News Ahead Of Long Weekend
Social Media, Groupthink and the Spiral of Silence (Fox Business)

Shares of Facebook (NASDAQ: FB) are trading higher by 2.6 percent to $60.04 in Monday's trading after the company filed for regulatory approval for e-Money service in Ireland.

The shares opened above the $60 figure, but quickly gave back gains, trading down to $59. From there, the stock rebounded, poking just above Friday's high of $60.31.

The stock is consolidating in the $60 area as traders await the next move.

The monthly chart paints a bearish bias, the weekly chart is moderately bullish and the daily chart is moderately bullish following the strong open above $60.

Posted-In: Movers Tech

 

Related Articles (FB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters