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>> FACEBOOK IPO Latest News

AUG 26, 2013 - MarketWatch

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Facebook on track for highest close ever

NEW YORK (MarketWatch) -- Facebook stock rose 0.6% in premarket trading Monday to $40.80 per share, putting it on track for its highest close ever. On Friday shares closed at $40.55, the previous highest-ever for Facebook. J.P. Morgan wrote an upbeat note about the company Friday, citing "solid trends in overall engagement" among both mobile and desktop users. In its May 2012 public debut, the company's stock reached a high of $45 and closed at $38.23, inching above its IPO price of $38. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit ... Read More

Tags: Facebook on track for highest close ever,  Facebook Ipo Latest News