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Facebook stock closes up for 4th straight day

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Facebook stock closes up for 4th straight day
Submitted by Fox First at Ten on June 19th

NEW YORK (AP) - Facebook's stock has had its fourth consecutive day of gains.
The stock increased 50 cents, or 1.6 percent, to close Tuesday at $31.91. That's still down 16 percent from Facebook's IPO price of $38. But now there are as many up days as down days for the stock - 11 each.
Facebook began trading on May 18. Facebook's stock has traded as low as $25.52 since the IPO.
Investors have been concerned about its ability to keep increasing revenue and make money from its growing mobile audience, though many analysts hold positive long-term opinions.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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