Endowment fund of Harvard University has made a minute investment in Facebook Inc (NASDAQ:FB), the world’s biggest social-networking site owner that got started on its campus by Mark Zuckerberg.
According to the regulatory filing, Harvard Management Co, which manages the endowment for the world’s richest college, held 20,000 shares at the finish of June. Based on Friday’s ending price of $21.81 in New York, the stake would be worth at $436,140.
Chief executive officer of Facebook Zuckerberg has been under pressure from financers since the corporation went public in May as fears keep on regarding its growth outlooks.
Facebook, challenged by a shift of customers to mobile gadgets, announced slowing sales expansion in the Q2. Shares of the company have plunged 43% since its IPO price of $38.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Local.com Corp (NASDAQ:LOCM) moved down -5.73% to end at $2.14, MeetMe Inc (NYSE:MEET) fell -1.79% to settle at $2.19 while Linkedin Corporation (NYSE:LNKD) decreased -0.29% to finish on Friday at $104.92.
Facebook Inc (NASDAQ:FB) on Aug 10, 2012 increased +3.79% to the closing price of $21.81. The overall volume in the last trading session was 25.79 million shares. Its fifty two week range was $19.82-$45.00. The total market capitalization remained $25.79 billion.
FB is ahead its 52 week low with +10.03% and lagging behind from its 52 week high price with -51.29%. FB last month stock price volatility remained 5.27%. In its share capital FB has 2.14 billion outstanding shares among them 421.23 million shares have been floated in market exchange. FB stock institutional ownership remained 11.93% while insider ownership included 6.91%.
The stock price of FB is moving down from its 20 days moving average with -13.17% and remote negatively from 50 days moving average with -22.27%. FB current year earnings per share experienced an addition with +79.57%.
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