Quantcast

Facebook Stock Tops $30 for First Time in Months

Get the WebProNews Newsletter:
Facebook Stock Tops $30 for First Time in Months
[ Business]

Doesn’t adjust your monitors, Facebook stock is on the move.

It’s been a long climb back, but Facebook shares currently sit at over $30, up around $1.40 as of now. That’s an increase of nearly 5%.

Of course, “back” is a relative term. To be truly “back” to IPO levels, Facebook would beed to hit their opening mark, which was $38. But I’m sure there are plenty of people that are pretty happy to see Facebook crack $30 for the first time in nearly six months.

As you know, it’s been a rocky road for Facebook’s stock price since the May IPO. In August, after weeks of sliding, the price hit its all-time low of $17.55, less than 50% of the original price. It saw a significant bounce after the company’s Q3 earnings report, which saw $1.26 billion in revenues, a number that beat analysts’ expectations.

Since then, it’s been rising. Not entirely steadily, as there have been some hiccups. But now it sits at over $30:

Facebook has just sent out invites for a mysterious event scheduled for next week at their Menlo Park Campus. According to the invitations, they want us to “come and see what they’re building.”

Facebook will report their Q4 2012 earnings on January 30th.

Facebook Stock Tops $30 for First Time in Months
Top Rated White Papers and Resources
  • http://www.foxcrawl.com Foxcrawl

    that’s indeed a progress for Facebook, however to keep up with the stock i believe they should focus also outside of the social networking, e.g. mobile, phone, gadgets, pc, apps market. To copy the trend followed by Google, Amazon and others (not Apple case)

  • http://www.piastra.info Piastra

    Great news but I don’t know the reason for the rise. You should talk about it since I don’t see any big change in their strategy.
    Beatrice