‘Facebook Stock Hits $30 For First Time Since July’ – ‘Mashable’

Seth Fiegerman says, “Facebook may finally be over its 20-something phase.

The company’s stock hit $30 a share on Wednesday for the first time since mid-July, after several consecutive days of hovering around the $29 mark. The stock opened at $29.63 a share and climbed above $30 in early trading, a gain of more than 3% on the day.

Facebook originally fell below $30 in late May, less than two weeks after the company IPO-ed at $38 a share, and briefly climbed back above it in late June before giving it up again. The stock eventually dipped to as low as $17.55 a share in early September, before rebounding on a pledge by CEO Mark Zuckerberg not to sell stock”.