Friday, July 26, 2013

Facebook surges to highest close since day of IPO

SAN FRANCISCO (MarketWatch) -- Facebook Inc. /quotes/zigman/9962609/quotes/nls/fb FB +29.61% soared on Thursday to its highest close since it finished at $38.23 on the day of its initial public offering on May 18, 2012. The stock got a big lift after the social media company late Wednesday reported second-quarter results that were significantly better than expected. Facebook jumped 30%, its best daily percentage gain ever, to close at $34.36. Still, the shares have fallen 9.6% from its IPO price of $38. [Corrects closing level for May 18, 2012.]

/quotes/zigman/9962609/quotes/nls/fb

US : U.S.: Nasdaq

Volume: 347.97M

July 25, 2013 4:00p

Source: http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~3/lat_qJ5cdPY/story.aspx

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