Life Vantage Rises in Market Rebound While Facebook Shares Tumble Below IPO Price

As Facebook’s (NASDAQ: FB) stock fell well below its IPO price of $38 (making nasty headlines on social media) today, Life Vantage (OTC: LFVN) rose 3.16%. Overall, U.S. stocks rebounded today to relieve one of their worst-performing weeks this year:

  • Dow Jones Industrial Average: +1.09%, rising 135.40 points to 12,504.78
  • Nasdaq Composite: +2.46%, rising 68.42 points to 2,847.21.

Facebook opened today’s trading at a price of $36.66, below its IPO of $38. By 4 p.m., the stock price dropped even lower, to $34.03, after hitting an intraday low of $33.00. As one of the most anticipated IPOs of the year, Facebook fell under selling pressure while stock investors fled to alternatives in the social media space, including Life Vantage, among hundreds of other options.

Facebook’s dismal performance in its first two days of public trading has failed to convince investors that large-cap social media is a safe investment. Instead, investors are disappointed, disgusted and looking for alternatives. On Friday, analysts said that Facebook’s last minute addition of millions of new shares likely contributed to the market’s low performance. NASDAQ’s slow reporting of transactions and confirmations also contributed to the uncertainty surrounding social media investment.

Despite all of Facebooks’ disappointments, Life Vantage rose 3.16% today as a small sign of encouragement for social media investors. Life Vantage’s recent stock performance and other key financial statistics can be viewed here:

Life Vantage has had an overall positive performance since 2012 began, rising over 127% year-to-date. It is also one of the highlighted stocks in the over-the-counter market due to its 2012 rally. The outline of these and other statistics can be viewed on Google:

For anyone not familiar with Life Vantage, the company is a dietary supplement company. It markets and sells its products and services through network marketing, and the multi-level marketing industry. Its primary focus areas are anti-aging and wellness products, aiming at improving life while creating business opportunities.

So, if you are one of the many who lost money in the Facebook IPO, perhaps today’s general market rally can provide some solace. If you have yet to invest in Facebook, perhaps today’s low prices could attract you. Either way, Life Vantage performed well today in comparison to Facebook and even the broader markets and continues to hold ground as one of the best-performing over-the-counter stocks. As always, however, there is never a free lunch in stock speculation, and many investors are holding their breath for the performance of the social media sector tomorrow.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.