Facebook Inc. (NASDAQ:FB) rolls out Job Search app for U.S. users

Facebook Inc. (NASDAQ:FB) recently launched its highly anticipated Social Jobs app for U.S. users, which has totaled more than 1.7 million job listings from job search sites that were already using Facebook to reach recruits, including Jobvite, BranchOut, Work4Labs, and Monster.com. The social network first disclosed plan for a jobs app in October 2011 as a joint venture with the Labor Department.

The two rolled out the Social Jobs Partnership, a group that has the National Association of Colleges and Employers, the National Association of State Workforce Agencies, and the Direct Employers Association. U.S. Secretary of Labor Hilda Solis stated that the foundation of an industry-supported open-source job-posting schema is helping United States get back to work. NACE research suggests that Facebook Inc. (FB) is already being used by 50 percent of employers to find new hires.

Latest closing price and its Comparison with some technical indicators

The FB stock closed at $22.36, up 2.50 points or 12.59% from previous close and at a distance of +9.36% from 20-day simple moving average. In the last trading session, the stock’s price moved -7.88% below its 200 day moving average, changing hands as low as $19.93 per share. The stock is currently trading 8.82% up its SMA 50.

Find out whether the stock is performing well?

The price range in the fifty two weeks had a highest hit of $45.00 on May 18, 2012 while lowest level during that period was $17.55 on Sep 04, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $29.50. The stock has dropped -41.51% since the beginning of this year. To measure price-variation, we found this stock’s volatility over a week period was 6.18% and for the month was 3.95%.

What analysts think about this stock?

The analyst mean recommendation for this week has been 2.1, same as was in the last week. The price target of $15.00 was the lowest while the highest price target was set as $41.00, according to 28 analysts surveyed by Thomson Reuters.

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