The Street Believes in Facebook Again

wochit business
July 30, 2013 AT 4:46 PM
Shares of Facebook finally rose close to the company?s IPO price, nearing the $38 per share amount that the stock first debuted in May of 2012. The stock closed at $37.61 , a single-day gain of about six percent and has risen more than 43 percent in the span of a week, a massive turnaround for a security which at its lowest point dropped nearly 20 points from the company?s initial $38 IPO price.