FACEBOOK (FB) Social media "required maintenance right now" but stock still gain today

Why did the stock still gain

1. Volume increase into bullish territory
2. Might be a good time to  buy if red for dip

Clal Insurance Enterprises Holdings Ltd decreased its stake in Facebook Inc Cl A (FB) by 17.95% based on its latest 2018Q4 regulatory filing with the SEC. Clal Insurance Enterprises Holdings Ltd sold 122,917 shares as the company’s stock rose 22.38% with the market. The institutional investor held 561,854 shares of the technology company at the end of 2018Q4, valued at $73.65M, down from 684,771 at the end of the previous reported quarter. Clal Insurance Enterprises Holdings Ltd who had been investing in Facebook Inc Cl A for a number of months, seems to be less bullish one the $494.80B market cap company. The stock increased 0.84% or $1.45 during the last trading session, reaching $173.37. About 11.52M shares traded. Facebook, Inc. (NASDAQ:FB) has declined 4.87% since March 13, 2018 and is downtrending. It has underperformed by 9.24% the S&P500. Some Historical FB News: 21/03/2018 – Op-Ed Columnist: Facebook Doesn’t Get It; 13/04/2018 – Top EU chief on Facebook scandal: I have no doubt that other tech firms could have data issues; 23/03/2018 – Facebook dropped from Australian Ethical ETF after data breach; 02/04/2018 – Facebook has faced controversy in recent months over data privacy, reports of Russian propaganda, and misinformation related to ethnic cleansing in Myanmar; 26/04/2018 – FACEBOOK FB.O CTO SAYS DECISIONS ON POLITICAL ADVERTISING HAVE NOTHING TO DO WITH MONEY; 30/03/2018 – Dealpolitik: Zuckerberg’s Grip on Facebook Could Put Directors in a Tricky Position; 18/03/2018 – Cambridge Analytica denies Wylie’s claims that the firm held on to data obtained illegally from millions of Facebook users; 20/03/2018 – ADVISORY-Alert on law firm investigating Facebook withdrawn; 19/03/2018 – Not a comment on the stock but is this the first time people realize that $FB invades your privacy? Why is no one talking about them listening in on your phone calls?; 10/04/2018 – NEWS10 ABC: #BREAKING: (AP) Facebook has begun alerting some users that their data was swept up in the Cambridge Analytica