Facebook (FB) Shares Continue Rebound; Up 6.5%, Nearing $32

June 18, 2012 12:53 PM EDT
Facebook (Nasdaq: FB) shares are continuing a strong rally which closed last week's session. After jumping nearly 4 percent on Thursday and another 6 percent on Friday, Facebook shares are now up 6.5 percent to $31.97 at last check.

The stock has not neared the $32 level since May 25th.

Volume seems to be rather light Monday afternoon.

Reports out of Bloomberg from earlier suggested the company could be working on a location-based mobile-ad product.

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