Wall Street Watch Thursday: Is This the Start of a Facebook Rally?
Filed under: Earnings, Google , Facebook, Market News
Shares of Facebook (FB) closed nearly 8% higher on Wednesday.
This may not seem like a newsworthy pop, but it’s actually the social networking website operator’s biggest single-day percentage gain since going public four months ago.
Yes, it’s been that hard on Facebook. Short of the occasional baby steps higher and a 6% uptick one day in June it’s been largely downhill for the company that went public with plenty of buzz in May at $38.
In retrospect, Facebook probably had no reason…
Wall Street Watch Thursday: Is This the Start of a Facebook Rally? originally appeared on DailyFinance.com on 2012-09-13T06:00:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/09/13/wall-street-watch-thursday-is-this-the-start-of-a-facebook-rall/