Facebook Stock Rises on Libra Cryptocurrency Buzz

The equity is up over 36% year-over-year

Deputy Editor
Nov 27, 2020 at 10:41 AM
facebook X logo linkedin

Facebook, Inc. (FB) is in the spotlight today, after a report from the Financial Times said the social media giant could launch its proposed Libra cryptocurrency in a "limited format" as soon as January. The Libra Association includes Lyft (LYFT), Uber (UBER), and Spotify (SPOT), and the single digital coin would be backed by the dollar. At last check, FB is up 1% at $278.22. 

For most of November, Facebook stock has struggled with a ceiling at the $280 level, though the security's 100-day moving average has been consistently containing any pullbacks since late September. Year-over-year, the equity is up 36.6%.

The brokerage bunch is bullish on FB, with 30 of the 32 analysts in coverage sporting a "buy" or better rating. Meanwhile, the 12-month consensus price target of $314.96 is a 13.7% premium to current levels. 

Lastly, now looks like an ideal time to weigh in on Facebook stock's next move with options. The security's Schaeffer's Volatility Index (SVI) of 32% sits in the low 17th percentile of its annual range. In other words, FB sports attractively priced premiums at the moment.


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