It was not long ago that Facebook (FB) was among the worst performing stocks in the United States from the time of its IPO. While the stock had performed horribly following its IPO, we noted back in early June that even though the stock had a rich valuation, there were plenty of popular stocks that had even worse valuations than FB.
There is no doubt that the last minute increase in the size and pricing of the FB offering followed by the botched opening by Nasdaq hurt the stock's performance following its IPO. As the old saying goes, however, time heals all wounds, and with the passage of time FB has actually been staging a pretty impressive rebound. In fact, over the last two weeks, the stock has rallied 18.49%. With that type of performance, if the company was in the S&P 500 it would be the second best performing stock in the index over that time period, trailing only First Solar (FSLR).
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