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FX.co ★ Facebook stock hustles in 3 seconds

Facebook stock hustles in 3 seconds

Facebook stock hustles in 3 seconds

On June 19 the Facebook shares jumped up in three seconds. According to the MarketWatch, Eric Hunsader, the founder of the financial research firm Nanex, which provides traders with real-time data, was the first who paid attention to the leap in value of securities.
Mr Hunsader said that in three seconds the social networking company’s stocks increased from $24.4 to $25.19. After that, the value returned to the initial level. During this small period of time, about 2 million shares were traded on stock exchange.
On June 19 the Facebook stocks got to close at $24.22 a share.
On May 2012, when the social network held its Initial Public Offering (IPO), the offering price of its stocks was $38 per share. Then the securities start getting cheaper, and by September they fell below $18 apiece. Later the Facebook Inc. stock rose in price, but still has not achieved the IPO level.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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