Facebook shares top $30 ahead of earnings

Staff San Francisco Business Times

Shares of Facebook Inc. rose above $30 on Wednesday for the first time in six months, a day after the company sent out invitations for a press event next week, the Wall Street Journal reports.

Facebook (NASDAQ: FB) shares took a beating soon after the company's initial public offering at $38 per share in May. It is due to report fourth quarter results at the end of January.

The stock reached a low of $17.55 on Sept. 4.

Read more at the Wall Street Journal.

Source: http://feedproxy.google.com/~r/bizj_sanfrancisco/~3/Jo5LfMKSHPY/facebook-shares-top-30-ahead-of.html

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