It took a little over 14 months, but Facebook has finally crossed back past its initial public offering price of $38, closing out the week at $38.05 a share.
While Facebook closed out its first day of trading in May 2012 at $38.23, and ever since than it has been a rocky road. In its second trading day alone it slipped 11 percent, and continued a downward slide that lasted for months.
As of late the company has been regaining its popularity with investors little by little to where it has now climbed back up to its IPO levels. While this might signal good things ahead, it could also trigger a sell off as people that jumped in within the first few days take this as an opportunity to get their money back out of the company. We’ll just have to wait and see what happens in the coming weeks.