More than a year after its initial public offering, Facebook stock is soaring. Shares topped 50-dollars for the first time today (Thursday).
Facebook's stock is now up 88-percent so far this year, that is a stunning reversal from its May 2012 IPO. After being priced at 38-dollars last year, shares dropped more than 35-percent within a few months.
Investors who were willing to buy and hold are reaping the benefits. The stock is now 32-percent above its IPO price.