The issues of a stock market that appears to be moving in all directions is something that requires good investment advice,and some have indicated that even Facebook could be a penny stock. Certainly stock prices move constantly and there can be major issues as to stock valuation.
A recent news release from a stock picking service indicated that Facebook’s shares are trading higher than many top stocks such as
JPMorgan Chase & Co, Citigroup, Inc., Wells Fargo & Co., Microsoft Corp. and Intel Corp.
As they report: “At $3, Facebook would have a P/E ratio better than any of the listed companies above. At $3.50, FB stock would fall between Citigroup and Wells Fargo. At the SEC defined level of a penny stock, $5.00, Facebook would have a P/E/ ratio right between Microsoft and Intel. If the social media giant fails to maintain their earnings, the P/E ratio is only going to get higher.”
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