Seeking Alpha

Facebook (FB -1.2%) gives back a sliver of yesterday's post-earnings gains after S&P's Scott...

Facebook (FB -1.2%) gives back a sliver of yesterday's post-earnings gains after S&P's Scott Kessler downgrades shares to Hold, declaring them "fully valued" after the run-up. Kessler also notes Facebook's upcoming lockup expirations - 234M shares become eligible for sale on Monday, and another 777M on Nov. 14 (this excludes the ones held by Mark Zuckerberg, who won't be selling). Facebook's decline comes even though Zynga is rocketing higher following its Q3 report.
Comments (3)
  • idkmybffjill
    , contributor
    Comments (1560) | Send Message
     
    Got some December 19 puts real cheap yesterday.
    25 Oct 2012, 10:49 AM Reply Like
  • Silver Surfer
    , contributor
    Comments (70) | Send Message
     
    True story.
    25 Oct 2012, 03:11 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1560) | Send Message
     
    Up around 37% already....can't wait for the fireworks in the two months ;-)
    26 Oct 2012, 10:41 AM Reply Like
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