Facebook Explodes To New All Time High After Q3 Beat And Retreats

by Joel Elconin, Benzinga Staff Writer

November 5, 2015 10:45 AM | 27 seconds read | Make a Comment

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shares are trading higher by $4.76 at $108.70 in Thursday's session. The catalyst for the rally to a new all time high ($110.65) is a Q3 beat of a nickel and slightly higher revenues. However, since reaching that elevated level, it has retreated $2 and is now trading near the lows for the session.

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

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