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Facebook Gains For The Week Erode After Making New All-Time High At $105.12

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Facebook Inc (NASDAQ: FB) shares are trading lower by $2.44 at $102.44 in Friday's session.

After starting the a $102.19, the issue rallied to new all-time high ($105.12) and all time closing high ($104.88) on Thursday. The issue could not reclaim the close after a lower open, only reaching $104.72 before heading lower.

So far, the ensuing decline has taken the issue to $102.01, which is just below last Friday's close of $102.19. The rebound off the intraday low took issue back up to $103.21 before heading back toward the the lows of the session.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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