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Pro Analysis

Bullishness sentiment on Facebook doubles in week

Mark Zuckerberg
Getty Images
Mark Zuckerberg

Bullish mentions of Facebook's stock on Twitter doubled in the past week, showing that an already big favorite among investors and traders has became even more beloved.

Social Market Analytics, which scans posts on social networks to form predictive trading signals, shows Facebook had the biggest jump in bullish mentions among major U.S. stocks in the last week.

The shares were up 18 percent year to date as of Tuesday's close. If the data are any indication, traders are betting the internet giant's run will continue.

It may be the result of a couple recent news events. Facebook last Wednesday reported better-than-expected second-quarter earnings due to surging mobile ad revenue. The company also launched Instagram Stories on Tuesday to compete with Snapchat's Stories offering.

Below are the other stocks along with Facebook seeing the biggest one-week jump in bullish sentiment on Twitter, according to SMA.