Facebook (NASDAQ:FB) confounds expectations of a meltdown in its share price as 773 million shares and 31 million restricted stock units become eligible for sale today following lock-up expiration: shares are trading over 7% higher; theories range from short covering to institutions waiting to lap up the stock at low, low prices thanks to expiration. Another one is that the current low prices may have dissuaded eligible shareholders to sell immediately.
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General Motors (NYSE:GM) models such as Buick Verano, Chevrolet Cruze, Chevrolet Sonic, and Cadillac XTS sedans fall within the purview of the auto-maker’s recall of 15,575 vehicles on account of safety flaws out of head restraints and air bags.
Don’t Miss: Here’s Why Facebook Shares Are Soaring.