Facebook jumps 10%, despite wave of unlocked shares | Reduction

Facebook jumps 10%, despite wave of unlocked shares

The Economics of Wall Street

The Economics of Wall Street by Tony Fischer Photography
License (according to Flickr): Attribution License

Excerpt:

New York City (CNNMoney)– About 800 million Facebook shares were newly offered to trade on Wednesday, a phenomenon that typically sends a company’s stock reduced. However Facebook bucked the trend, jumping 10 % early in the session. Wednesday marked the first day that early staff members and capitalists were able to sell about 773 million shares. An additional 31 million restricted stock units had by staff members who signed up with the company prior to 2011 came to market. The prospect of many shares possibly swamping the marketplace oftens send a company’s stock reduced. However Facebook shares rose 10 % to $ 21. 83 in very early trade. About 75 million shares altered hands in the first 30 moments of the trading day. Like many initial public offerings, Facebook’s May 18 debut included a “lockup” agreement that needs some shareholders from selling for a specific duration.

People:

Mark Zuckerberg

Overall Sentiment: -0.19425

Relevance: 0.213593

Peter Thiel

Overall Sentiment: 0.466753

Relevance: 0.191412

Disambiguation: BoardMember | CompanyFounder | FilmProducerReferences:

Dustin Moskovitz

Overall Sentiment: 0.67619

Relevance: 0.168899

Additional Info:

Company: Facebook

Overall Sentiment: 0

Relevance: 0.943636

Source : Source

URL Provided Desc:

About 800 million Facebook shares were newly available to trade on Wednesday, a phenomenon that typically sends a company’s stock lower. But Facebook bucked the trend, jumping 10% early in the session.

Site Provided Title:

Facebook jumps 10%, despite wave of unlocked shares

Site Provided Keywords:

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  • facebook lockup
  • facebook rsu
  • facebook share
  • facebook stock
  • facebook stock lockup
  • mark zuckerberg
  • peter thiel
  • restricted stock units
  • rsu
  • rsus

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~ by vandal3di3go on January 10, 2013.