Facebook Is Very Close To Hitting Its Original $38 Per Share IPO Price

Facebook shares are at $37.46 as of this writing, which is very close to its original IPO price of $38. Facebook closed above $38 on its first day of trading, but hasn't seen that price since.

Part of Facebook's recent stock jump is due to its better-than-expected earnings report last week. Facebook said 41% of its ad revenues came from mobile, a huge jump.

We're keeping our eye on the stock and will update if it hits $38.