Facebook (FB) increases stock buyback program by $9 billion

NASDAQ: FB | Facebook, Inc. - Class A Common Stock News, Ratings, and Charts

FB – Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the SEC.

Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the Securities and Exchange Commission.

The social media giant said its board approved the increase on Thursday. In 2017, the board signed off on share repurchases of up to $15 billion of its Class A shares with no expiration date.

Shares of Facebook climbed about 1.5 percent in after-hours trade. The stock has fallen 22 percent so far in 2018 after facing a series of scandals and flattening usage in North America.

Facebook Inc. shares rose $1.92 (+1.40%) in after-hours trading Friday. Year-to-date, FB has declined -22.12%, versus a 0.06% rise in the benchmark S&P 500 index during the same period.

FB currently has a StockNews.com POWR Rating of D (Sell), and is ranked #27 of 55 stocks in the Internet category.

This article is brought to you courtesy of CNBC.

FB at a Glance

FB Current POWR Rating™
Overall POWR Rating™
FB Current Price $168.34 1.23%
More FB Ratings, Data, and News

FB Price Reaction

The day of this event (Dec. 7, 2018)
FB Closing Price$137.42 1.58%
FB Volume21,195,400
20.42% from avg
Leading up to this event
FB 1-mo return7.85%
After this event
FB 1-day return1.57%
FB 3-day return3.37%
FB 5-day return3.08%

FB Price Chart

More Facebook, Inc. - Class A Common Stock (FB) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All FB News
Page generated in 0.7396 seconds.