Facebook – Facebook Inc. Cl A stock outperforms competitors on strong trading day
Shares of Facebook Inc. Cl A
inched 0.87% higher to $257.64 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
falling 2.11% to 12,723.47 and Dow Jones Industrial Average
falling 1.11% to 30,924.14. The stock’s rise snapped a two-day losing streak. Facebook Inc. Cl A closed $47.03 short of its 52-week high ($304.67), which the company achieved on August 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp.
fell 0.36% to $226.73, Alphabet Inc. Cl A
rose 1.12% to $2,033.93, and Twitter Inc.
fell 5.80% to $66.75. Trading volume (31.4 M) eclipsed its 50-day average volume of 18.9 M.