Facebook shares close higher on Friday, CEO’s compensation rises 54% in 2017 due to higher costs related to personal security

April 16, 2018 7:56 am

According to a regulatory filing by Facebook Inc (FB), overall compensation for the company’s Chief Executive Officer Mark Zuckerberg surged 53.5% to $8.9 million last year. 83% of that amount were security-related expenditures, while the remaining funds were mainly associated with the CEO’s use of private aircraft.

Facebook shares closed higher for the fourth time in the past five trading sessions on Friday. The stock edged up 0.40% ($0.65) to $164.52, with the intraday high and the intraday low being at $165.70 and $163.77 respectively.

In the week ended on April 15th the shares of the social media company added 4.66% to their market value compared to a week ago, which marked the second gain out of five weeks. It has also been the best performance since the week ended on March 11th.

The stock has extended its advance to 2.96% so far during the current month, following a 10.39% slump in March. The latter has been a second consecutive monthly loss and also the largest one since March 2014.

For the entire past year, the shares of the NASDAQ-listed company rose 53.38% following another 9.93% surge in 2016.

According to the document, expenses related to the purchase, installation and maintenance of security measures at Zuckerberg’s personal residences in Palo Alto and San Francisco were covered by the company.

The amount, which Mark Zuckerberg spent on security, rose to $7.3 million last year from $4.9 million in 2016, the filing also revealed.

Meanwhile, the CEO’s base salary remained without change at $1, while his total voting power at the company increased marginally to 59.9%.

According to CNN Money, the 43 analysts, offering 12-month forecasts regarding Facebook Inc’s stock price, have a median target of $225.00, with a high estimate of $260.00 and a low estimate of $131.00. The median estimate is a 36.76% surge compared to the closing price of $164.52 on April 13th.

The same media also reported that 39 out of 45 surveyed investment analysts had rated Facebook Inc’s stock as “Buy”, while 2 – 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 – $164.70
R2 – $164.87
R3 (Range Resistance – Sell) – $165.05
R4 (Long Breakout) – $165.58
R5 (Breakout Target 1) – $166.20
R6 (Breakout Target 2) – $166.46

S1 – $164.34
S2 – $164.17
S3 (Range Support – Buy) – $163.99
S4 (Short Breakout) – $163.46
S5 (Breakout Target 1) – $162.84
S6 (Breakout Target 2) – $162.58

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

Central Pivot Point – $163.07
R1 – $170.10
R2 – $175.68
R3 – $182.71
R4 – $189.74

S1 – $157.49
S2 – $150.46
S3 – $144.88
S4 – $139.30

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