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Why Facebook Stock Jumped 10% Last Month

TheMotleyFool

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Why Facebook Stock Jumped 10% Last Month

Shares of Facebook (NASDAQ: FB) were climbing last month after the social media giant delivered a blowout earnings report at the end of the month. The stock also rose in early April along with the broader market in response to a number of bullish news reports.

According to data from S&P Global Market Intelligence, the stock finished the month up 10%. As you can see from the chart below, shares spiked on April 29 after the earnings report came out.

^SPX data by YCharts

Source Fool.com

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