Facebook Inc (FB) Stock Couldn’t Reclaim Its Opening Day Price

Facebook Inc (NASDAQ:FB)’s stock recently reclaimed its $38 IPO price for the first time in 14 months, though it couldn’t scale $45 posted on its opening day. As noted earlier, most buy orders of the social-networking giant on May 18, 2012 went in at $45 a share. Hence, despite the recent upswing in Facebook Inc (NASDAQ:FB)’s price to $38, a few are still holding on to about 7 percent loss from their opening trading day. Facebook’s mobile push Facebook stock climbed over 40 percent in the past week after the social-networking major reported blowout quarterly results highlighting the company’s progress building…