Facebook Inc (NASDAQ:FB)’s stock trading up


Dallas, Texas 07/24/2013 (Financialstrend) – Facebook Inc (NASDAQ:FB) is named as the Best Way to Get Engagement from the result of a survey conducted by Socialbakers. The survey taken over a month’s time, from mid-April to mid-May 2013 included top 10 percent of most engaged posts on Facebook of about 5,000 brand pages, where 93% of the most engaged posts is filled with photos which is a dramatic increase comparing to 85% in a similar survey conducted last year, just 2% of most engaged posts had videos. Facebook is expected to announce its second quarter results probably on Wednesday, July 24, 2013. Analysts expect that FB will report earnings growth and revenue in double digit. Analysts of JP Morgan expect the company’s revenue will be $1.60 billion or $0.13 per share compared to last year’s $1.62 billion.

According to Express India, Facebook Inc (NASDAQ:FB) is now used to hire people, many big companies started to use FB to search talent segments like Oracle, SAP and Peoplesoft, as FB connects millions of talented people through their friends circle, peers made easier for the hiring companies, on the other side FB also allows companies to post job ads on its site and collect money per click a candidate make to visit the ads of companies.

Facebook Inc (NASDAQ:FB) had closed on Tuesday with a price of $26.13 per share, which was observed to be a gain of 0.33% over its previous close. Through the trading session, the stock had set intraday low at $25.97 and intraday high at $26.30 per share. In the past 52 weeks, the company had touched bottoms at $17.55 and peaks at $32.51 per share. There are presently 2.42 billion outstanding shares in the market with 34% institutional holding and $63.1 billion market cap. On Tuesday, the stock had a trading volume of 28.22 million shares and average level of trading at 32.22 million shares per day.