Market Overview

Facebook Shares Fall From All-Time High

Share:

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Facebook Inc (NASDAQ: FB) shares were trading lower by $2.14 at $85.84 in Monday's session. After holding up well in Friday's volatile session, the issue is succumbing to the broad market's steep decline today.

The issue is two days removed from a fresh all-time high made in Thursday's session at $89.40. On Friday, it posted its all-time closing high at $88.01.

After a lower open ($86.61 vs. Friday's close of $88.01) it rallied back to $87.50 before reversing course. So far, the decline has taken the issue to $85.74. That marks the lowest level for the issue since it bottomed on June 23 at $84.76 as it was building momentum for its explosive rally.

Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas

 

Related Articles (FB)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Why Yelp And Tim Fu Are Wrong In Accusing Google Of 'Manipulating' Search Results

How Michael Kors Is Responsible For Macy's Downgrade: Deutsche Bank Explains