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Facebook (FB) shares are -1.05% premarket ahead of today's expiry on a lock-up of another 800M...

  • Wednesday, November 14, 2012, 7:54 AM ET
    Facebook (FB) shares are -1.05% premarket ahead of today's expiry on a lock-up of another 800M shares, the third and biggest expiration since the social network's IPO. Analysts are divided over the impact that the end of lock-up will have: the two previous expirations caused a sharp decline in Facebook's stock price, although sentiment on Wall Street has since improved following the company's Q3 earnings report.
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This news story has 4 comments:

  •  
    Street "sentiment" won't stop employees/former employees from selling. Even if they truly believe in the company, they can sell now and pick it up for a couple $ cheaper next year.
    14 Nov 2012, 08:32 AM Reply Like
  •  
    So can anyone else who holds shares, but they are not doing it. The FB employees may also see selling now as "taking a loss", and I expect many will hold on, in the hope of future rises.

    I wouldn't, but then I'm not "anyone", and most people are, by definition, like most other people, so don't be too surprised if we continue to see resistance at 19$.

    It's not rational, but when did that ever matter?
    14 Nov 2012, 09:35 AM Reply Like
  •  
    It is now +10%. Why?
    14 Nov 2012, 09:59 AM Reply Like
  •  
    "Buggered if I know!". Yes, I'm quoting.
    14 Nov 2012, 11:29 AM Reply Like
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