Queen Anne's County Honorable Laura Nan Cook, Register Liberty Building 107 North Liberty Street - Suite 220 Centreville, Maryland 21617
The Facebook stock price hit an all-time high of $99.24 Tuesday and closed the session at a record $98.95. Facebook Inc. (Nasdaq: FB) stock has been on tear in July, climbing more than 13% this month alone.
Maybe Microsoft foresaw the steep decline in Facebook shares and sold early, or maybe it's just good business sense. Either way, Microsoft still has an 80 percent stake of its shares in the company. Facebook is trading at $19 a share, down from $38 at its initial public offering in May. The social network has lost half its share value in one three-month quarter.