Zuckerberg appearance helps propel stock above $20 for first time in 4 weeks

 Internet News
Sep 132012
 

Zuckerberg has avoided public appearances and interviews over the past year, and his silence likely contributed to some of the uneasiness investors felt about the company. The stock, which was priced at $38 at the time of Facebook’s initial public offering in May, fell as low as $17.67 last month following the end of the first lock-up period. Even with today’s rise, shares are trading below 40 percent of their offering price. However, Facebook has recently been active in expanding its mobile monetization efforts and testing a new search-based advertising option. Zuckerberg said in his interview Tuesday that the company has many more products and feature to launch later this year.

MORE:  Zuckerberg appearance helps propel stock above $20 for first time in 4 weeks.