Can Facebook Reach All-Time Highs?
T = Trends for a Stock’s Movement
Facebook is engaged in building social products in order to create utility for users, developers, and advertisers. People use Facebook to stay connected with their friends and family, to discover what is going on in the world around them, and to share and express what matters to them with the people they care about. Developers can use the Facebook platform to build applications and websites that integrate with Facebook to reach its global network of users, building personalized and social products. Advertisers can engage with more than 900 million monthly active users on Facebook, or subsets of its users, based on information they have chosen to share.
Facebook is inching closer to reaching its all-time high of $45 that the stock hit on May 18, 2012. After reporting second quarter earnings that blew analyst expectations out of the water last month, the stock has climbed 45 percent. Yesterday, it closed at $41.34 after reaching $41.94 during the day’s trading. Investors will be watching the stock closely today to see if it can reach or surpass $45.