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Facebook Stock Sets Intraday High After Latest Trump Ban

June 7, 2021
Mark Zgutowicz
Barrons

Facebook stock rallied Monday, touching an intraday high that signals to a couple of analysts that the social media platform’s new two-year ban on former President Donald Trump won’t carry any financial consequences.

Shares of Facebook (ticker: FB) rose to an intraday day record of $337.24, advancing 2.1% in late afternoon trading. The Nasdaq Composite index was nearly flat, advancing 0.4%. If Facebook closes above $332.75, the share price would mark a record close.

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