Facebook Rises on Revenue Growth Potential: San Francisco Mover
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Facebook Inc. rose to the highest price in four months after an analyst at Sanford C. Bernstein & Co. said that investors have been underestimating sales growth potential for the world’s largest social network.
The shares gained 8.1 percent to $25.94 at 4 p.m. in New York, the highest close since July 26. The stock has declined 32 percent since an initial public offering in May.