Monday, November 26, 2012

Facebook Gets a Buy Rating

Facebook (FB) closed today (02012.11.26) at $25.94, up 8% for the day. Volume was two-times the trailing-3-month average. 52-week range: $17.55 - $45.00. Bernstein Research upgraded FB to "Outperform" from "Market Perform". Despite today's spike our FB investment is still underwater. The Motley Fool had a posting titled "Is Facebook the New Google or Amazon?" The Fool feels Bernstein "sees what a growing number of bulls are starting to see: Facebook is bigger than even its lofty market cap suggests."

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