Today's Pre-Market Trading Very Positive For Facebook (FB)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Facebook ( FB) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Facebook as such a stock due to the following factors:

  • FB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.5 billion.
  • FB traded 1.3 million shares today in the pre-market hours as of 7:39 AM.
  • FB is up 9% today from yesterday's close.

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More details on FB:

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. FB has a PE ratio of 91.3. Currently there are 31 analysts that rate Facebook a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Facebook has been 51.4 million shares per day over the past 30 days. Facebook has a market cap of $134.9 billion and is part of the technology sector and internet industry. The stock has a beta of 1.08 and a short float of 2.3% with 0.94 days to cover. Shares are up 26.8% year-to-date as of the close of trading on Tuesday.

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