Wednesday, January 9, 2013

FB: For the first time in nearly 6 months,...

12:04 PM, Jan 09. For the first time in nearly 6 months, Facebook (FB +3.7%) is trading above $30/share. There's no specific reason for today's move higher, unless one counts an invitation for a Jan. 15 event that some think could feature a smartphone announcement. Shorts have been covering at a pretty rapid clip, and recent analyst commentary has featured plenty of bullish remarks about improving mobile monetization and the impact of new ad products. Shares are now up 54% since Facebook delivered its Q3 report. Read comments

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