Facebook in Relief Rally as CEO Zuckerberg & Deutsche Bank Soothe Nerves

Shares of Facebook (FB) climbed more than 2% intraday day after Deutsche Bank analyst Lloyd Walmsley is reported to have reiterated a Buy rating and $200 price target on the company, saying he is “cautiously optimistic a bottom is in,” according to media reports.

That comes as CEO Mark Zuckerberg told reporters, according to CNBC, that he had not seen a noticeable change in user behavior in the wake of the Cambridge Analytica data scandal. “I don’t think there has been any meaningful impact we’ve observed,” Zuckerberg was cited as saying in the news report.

Separately, Facebook COO Sheryl Sandberg acquired 55,000 shares of class A common stock at zero cost, but coupled that transaction with several batches of disposals totaling 55,000 shares of class A common stock at prices ranging from $154.95 to $158.54, bringing the total number of securities beneficially owned by her to about 1.5 million, according to a Form 4 filing with the US Securities and Exchange Commission.

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