Facebook, Inc. (NASDAQ:FB) founder and CEO Mark Zuckerburg has reportedly survived a leadership vote



Many of the company’s largest shareholders insisted that Zuckerberg step down as chairman of the board and focus solely on his other role of managing the company’s day-to-day operations.

However, given that the Facebook founder holds 60 percent of the board’s voting power by himself, dissenting shareholders were unlikely to get their way anyway.

Should Mark Zuckerberg Step Down?

Speaking with the BBC, senior vice-president of Trillium Asset Management Jonas Kron expressed concern over Zuckerberg leading two full-time positions.

Given that Facebook is one of the world’s largest companies, Kron suggested that Zuckerberg cede his position at the board to another individual. He also pointed out that Larry Page of Google and Bill Gates of Microsoft both left the board position to an individual better equipped for the task.

Trillium Asset Management is a major shareholder of the company, with approximately $7 million worth of Facebook stock to its name.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 186.18.

The projected lower bound is: 169.24.

The projected closing price is: 177.71.





Momentum Indicators


Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 31.3774. This is not an overbought or oversold reading. The last signal was a sell 25 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.15. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 17 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -185.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 4 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 17 period(s) ago.

Rex Takasugi – TD Profile

FACEBOOK INC A closed down -5.540 at 177.470. Volume was 13% below average (neutral) and Bollinger Bands were 22% narrower than normal.

Open High Low Close Volume___
180.280 180.540 177.160 177.470 15,226,536

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 182.71 180.95 161.47
Volatility: 28 29 40
Volume: 11,057,956 15,289,047 21,903,356




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