Market Overview

Facebook Hits Session High After Leon Cooperman Shows Stake

Related FB
Citi Raises Price Target On Facebook, Says Instagram Is Worth $35 Billion
Why Teenagers Don't Find Facebook 'Cool' Or 'Safe' Anymore
Stop Retailers From Stalking You Online (Fox Business)

Shares of Facebook (NASDAQ: FB) surged to a session high Wednesday after a 13F filing revealed that Leon Cooperman's Omega Advisors had purchased 3.16 million shares in the last quarter.

Although Cooperman could've exited his stake within the last few weeks, he was in Facebook as of December 31.

Facebook shares traded up nearly three percent after news of Cooperman's filing broke, trading back above $28 per share.

Posted-In: Leon Cooperman Omega AdvisorsNews Hedge Funds Intraday Update Tech General Best of Benzinga

 

Related Articles (FB)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional