Employees are now needed to be careful on Facebook Inc. (NASDAQ:FB) as they might be getting watched by their bosses. Recently, the Driver and Vehicle Licensing Agency (DVLA) in Swansea have suspended seven of its staff members for making “inappropriate comments” on the social networking website. Managers have initiated an internal investigation into claims that workers wrote personal comments on Facebook (FB).
DVLA spokesman said that the staff suspension will remain until investigations get completed. He also said although such cases are extremely rare to be found, any unsuitable comments by workers made outside of work will be investigated and could lead toward disciplinary action.
He further said that their staff is aware of the direction in place and are reminded on a regular basis. Employees are banned from using computers for personal use while in work and the postings are thought to have been made after working hours. However, the staff was later reported to DVLA managers and the seven people involved were suspended.
Shares of Facebook stock traded up 2.73% during trading Monday, hitting $26.62 on NASDAQ, whose benchmark S&P 500 added +23.76 points to 1,426.19 points. The latest closing price is 40.85% off the 52-week high of $45.00 and +51.68% above the 52-week low of $17.55. At that price, shares moved up 10.77% from the 50-day simple moving average and up 7.94% than 200-day average.
How a stock moves along with the market depends on its volatility and for this stock, the volatility of 3.63% was seen in a week and for the month was 3.76%. The majority of analysts covering FB stock believe it will struggle to hit 31.04.
A total of 60.37 million shares changed hands with price floating in a range of $26.11- $26.99. However, its 30-day average volume stands at 68.11 million shares. The last year’s performance reflected a -30.37% fall below last year. During the past month the stock declined -2.56%, bringing three-month performance to +31.00% and six-month performance to -15.12%.
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