Facebook, Inc. (FB) Off to the Races

Facebook Inc (NASDAQ:FB) has been gaining ground recently

Jun 24, 2015 at 3:03 PM
facebook X logo linkedin

After churning between $80 and $83 for a little over a month, Facebook Inc (NASDAQ:FB) has broken out to all-time highs in the past few days, adding 7.3% week-to-date. Today, the shares are 0.7% higher at $88.49, after touching a record peak of $89.25 earlier. The upward momentum is likely pleasing short-term option traders; FB's Schaeffer's put/call open interest ratio (SOIR) is only 1 percentage point from an annual call-skewed high

It was announced today that HBO will air the first episodes of two new shows, "Ballers" and "The Brink," for free on the social media site. Elsewhere, a report by Citigroup claims the stock is still under-owned, compared to some of its big-cap tech peers. "We believe Facebook and Google may have the greatest near-term opportunity among large-cap Internet," said an analyst. On top of all of this, RBC analyst Mark Mahaney recently waxed optimistic on FB's video and mobile potential on CNBC. 

It's no secret that analysts are fully behind the security. Currently, 25 of 27 brokerage firms say it's a "buy" or better. Moreover, FB's average 12-month price target stands at $97.10 -- representing 9.7% upside for the stock, and, of course, all-time high territory. In fact, SocGen just upped its price target to $68 from $65, though the firm still has a "sell" recommendation on the stock. 

Part of Facebook Inc's (NASDAQ:FB) recent surge may be from short sellers throwing in the towel. During the two most recent reporting periods, short interest on the equity fell by over 25%. 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI