Facebook Inc. (NASDAQ:FB) introduces graphs
Facebook introduced graphs based on keywords, people and places through a wide array of billons of links, similar to the system Google, Inc. employs for its Google search platform. Users of Facebook already responded positively to another recently introduced feature which helps to sort comments in their accounts either chronologically or by activity. Even though the feature is available only in selected individual accounts, it has already succeeded and is going to cover additional users in the coming days.
Facebook, Inc. (NASDAQ:FB) is in an upward trend, partly because of bullish traders who bought approximately 54,000 calls of Facebook, Inc. (NASDAQ:FB). As front-month expiration is near, these bullish bets could end up pressuring the shares lower. Facebook, Inc. (NASDAQ:FB) takes a new step through the decision to distribute games of small companies through mobile platforms, instead of publishing games developed by itself.
Shares of Facebook, Inc. (NASDAQ:FB) closed at $25.39 on Tuesday, recording a gain of 2.80 percent over the previous closing price. The shares of the company currently fluctuate in the range of $25.03 and $25.45, after opening at $25.07 per share. The shares of Facebook, Inc. (NASDAQ:FB) recorded a 52-week low of $17.55 and a 52-week high of $32.88.
Facebook, Inc. (NASDAQ:FB) had an average trading volume of 23.64 million shares on Tuesday, with the average trading volume standing at 38.49 million shares per day. The company currently has 2.42 billion shares outstanding in the market, with a market capitalization of $61.10 billion and an institutional ownership of 34 percent of the company’s total equity capital.