Saturday, Dec 03, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Technology

Business Brief

Facebook stock gets 1st close above IPO price

MENLO PARK, Calif. — Facebook’s stock has closed above its IPO price for the first time since the day the online social networking leader made its debut on Wall Street more than 14 months ago.

Facebook Inc. shares gained 56 cents to finish Friday’s session at $38.05. That’s the stock’s highest closing price since ending its first day of trading at $38.23 in May of last year.

The stock, which dropped as low as $17.55 a share in September, has been soaring since last week when Facebook reported second-quarter earnings that were better than analysts anticipated.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…