The stock rose 3.3 percent to reach $45.05 in New York. This comes as investors react favourable to the company’s efforts to better tailor its mobile site for advertisers, who provide most of the company's revenues.
Initially priced at $38 per share, Facebook stock soared in the hours following its debut, however in the months that followed its shares lost have their value. Efforts by the company to improve its mobile experience to attract more users have impressed investors, however.