Another Facebook (FB) IPO Lock-Up Expiration Has Investors On Edge

December 14, 2012 7:56 AM EST
Traders have their eye on Facebook, Inc. (NASDAQ: FB) Friday as another IPO share lock-up expires. With this lock-up expiration, another 155,953,746 Facebook shares become free to sell.

Looking to recent lock-up expirations, the most notable is the November one. On the day of the last lock-up expiration, November 14, Facebook shares defied logic and surged. The stock closed up 12.6 percent on massive volume.

While no one is expecting similar success today, traders expect shares to hold their own despite the new supply. Index additions, including the recent NASDAQ-100 inclusion, is helping to maintains supply and better-than-expected mobile monetization has Wall Street excited again.

Investors are also looking forward to 2013, which promises to be a big year for the company. Analysts at Topeka Capital see three major catalysts for Facebook in 2013: 1. S&P 500 addition, 2. monetizing Instagram, 3. launching a search engine.

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