Facebook Inc FB shares are trading lower by $2.44 at $102.44 in Friday's session.
After starting the a $102.19, the issue rallied to new all-time high ($105.12) and all time closing high ($104.88) on Thursday. The issue could not reclaim the close after a lower open, only reaching $104.72 before heading lower.
So far, the ensuing decline has taken the issue to $102.01, which is just below last Friday's close of $102.19. The rebound off the intraday low took issue back up to $103.21 before heading back toward the the lows of the session.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
