Much unlike calendar 2018, calendar 2019 has been a really good year for shares of global social media giant Facebook (NASDAQ:FB).
Year-to-date, FB stock is up more than 40%.
Third, the technicals look really good here, and suggest that Facebook stock is due for a big end-of-year rally.
Is FB stock a good buy now?
Bottom line: Facebook stock is not a buy at the moment. It could offer a buying opportunity if it bullishly rebounds from key support. But investors might find plenty of better stocks to buy.
Why did Facebook Stock Drop 2019?
Shares of Facebook (NASDAQ:FB) had been closing back in on all-time highs, but then came the second quarter of 2019 and the ensuing stock market pullback. Facebook stock has dropped over 10% since its July 24 earnings report, with investor pessimism fueled by worries about a global economic slowdown and continued
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Will Facebook stocks recover?
For Facebook, the company’s stock continues to rise. After climbing over 50% last year, Facebook’s stock is already up over 5% so far in 2020. The stock largely recovered in the first half of 2019, but plunged again nearly 10% in May, amid calls for the company’s breakup.
How much Facebook stock does Mark Zuckerberg own?
Zuckerberg has since defended the site in intellectual property disputes and spurned buyout offers from Viacom, Yahoo! and other suitors. The 27 year old CEO owns 28.2% of Facebook’s B shares. Using an $85 billion valuation, Zuck’s stake is worth just shy of $24 billion.
Does Facebook pay a dividend?
Dividends have become much more commonplace in the technology sector in recent years. Facebook does not yet pay a dividend, but investors should not be surprised to see a dividend payout announced in the coming years.