Facebook Hits Session High After Leon Cooperman Shows Stake

Shares of Facebook 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.