Facebook, Inc. (FB) saw a big move in the last trading session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as FB is now trading within the volatile price range of $72.63 to $80.77 in the past one-month time frame.
The social networking company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 1 decrease), while the consensus for earnings hasn’t been in a trend over the last 30 days. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
FB currently holds a Zacks Rank #3 (Hold).
Investors interested in the Internet Services industry may consider better-ranked stocks like United Online, Inc. (UNTD), Web.com Group, Inc. (WWWW) and Inuvo, Inc. (INUV), each of which holds a Zacks Rank #2 (Buy).
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