Sheryl Sandberg Sells Facebook Inc (FB) Shares

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Mark Melin
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Sheryl Sandberg from Facebook Inc (NASDAQ:FB) is leaning in on the stock, selling 283,000 shares at a price of $74.33 in the social networking company as algorithmic traders are watching longer term support levels. After Sandberg’s sale she holds nearly 5.1 million shares with a total market value near $382 million. Sheryl Sandberg following Chris Cox in Facebook Inc (FB)’s share sales Sheryl Sandberg’s sale comes as earlier in November chief product officer Chris Cox reported in a Form 4 that he sold 5,437 shares of class-A common stock at $75.35 per share, leaving him with a total of 574,851 shares. Mike Schroepfer, the…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.