Facebook stock price is finally on the rise, roughly one month after the ill-fated IPO. A series of problems with the banks, NASDAQ and Facebook itself led to a quite disastrous IPO, at least in the sense that share price dropped dramatically from the $38, €30 launch price to around $27, €21.34 and even lower than that on occasion.
On Friday though, Facebook share price
ended above $30, €23.71, a significant bump from the previous day and week. Now, in the first few hours of trading on Monday, prices continue to go up and are hovering close to $31, €24.50 per share. It may not seem like much of an improvement, but it means billions of dollars in market cap.
Of course, it's much too early to tell if this is a trend or just a fluke. If anything, one month is too short a time, especially given the tumultuous IPO, to judge whether Facebook stock is undervalued or overvalued.