A Couple Reasons Why Facebook (FB) Rally Could Wilt
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With Facebook (Nasdaq: FB) stock up 20 percent today, and with yesterday's quarterly report that showing earnings and revenue beat estimates, some investors were beginning to wonder if it is safe to own the stock... then another report hit the wire reminding investors about the massive lockup expirations that are about to come due. Thanks WSJ.
On October 29th, Facebook employees will be eligible to sell at total of 234 million shares. This will be followed up by another lockup expiration on November 14th that totals 700 million shares. The Wall Street Journal article isn't news, really, but the fact that lockups are back on investor's radar is.
It is also worth noting that most Facebook investors are underwater, and rallies could be viewed by many as compelling opportunities to get out alive.
On October 29th, Facebook employees will be eligible to sell at total of 234 million shares. This will be followed up by another lockup expiration on November 14th that totals 700 million shares. The Wall Street Journal article isn't news, really, but the fact that lockups are back on investor's radar is.
It is also worth noting that most Facebook investors are underwater, and rallies could be viewed by many as compelling opportunities to get out alive.
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