Facebook shares close higher on Friday, founder Mark Zuckerberg to take a two-month paternity leave

August 21, 2017 7:03 am

According to a post by Facebook Inc’s (FB) founder Mark Zuckerberg on Friday, he is to take a two-month paternity leave after his second daughter is born. In March, Zuckerberg said he and his wife Priscilla were expecting a second child.

Facebook shares closed higher for the fourth time in the past six trading sessions on Friday. The stock edged down 0.30% ($0.50) to $167.41, after touching an intraday low at $166.21, or a price level not seen since July 26th ($164.10). In the week ended on August 20th the shares of the social media company lost 0.40% of their market value compared to a week ago, which marked a third consecutive period of decrease. The stock has pared its loss to 1.09% so far during the current month, following a 12.10% surge in July. The latter has been the sixth gain out of seven months and also the best monthly performance since January. For the entire past year, the shares of the NASDAQ-listed company gained 9.93%.

“I’ll take a month off to be with Priscilla (Chan) and the girls at the beginning, and then we’ll spend the whole month of December together as well”, Mark Zuckerberg wrote in a Facebook post, cited by Reuters.

Zuckerberg also took two months of paternity leave after his first child, Maxima Chan Zuckerberg, was born in 2015.

According to CNN Money, the 41 analysts, offering 12-month forecasts regarding Facebook Inc’s stock price, have a median target of $195.00, with a high estimate of $230.00 and a low estimate of $98.00. The median estimate is a 16.48% surge compared to the closing price of $167.41 on August 18th.

The same media also reported that 36 out of 44 surveyed investment analysts had rated Facebook Inc’s stock as “Buy”, while 3 – as “Hold”. On the other hand, 2 analysts had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for the Facebook stock are presented as follows:

R1 – $167.64
R2 – $167.86
R3 (Range Resistance – Sell) – $168.09
R4 (Long Breakout) – $168.76
R5 (Breakout Target 1) – $169.55
R6 (Breakout Target 2) – $169.89

S1 – $167.18
S2 – $166.96
S3 (Range Support – Buy) – $166.73
S4 (Short Breakout) – $166.06
S5 (Breakout Target 1) – $165.27
S6 (Breakout Target 2) – $164.93

By using the traditional method of calculation, the weekly levels of importance for Facebook Inc (FB) are presented as follows:

Central Pivot Point – $168.37
R1 – $170.54
R2 – $173.66
R3 – $175.83
R4 – $177.99

S1 – $165.25
S2 – $163.08
S3 – $159.96
S4 – $156.83

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