Facebook Stock Hits A New Low, Now Down More Than 50% Since IPO
This new record low comes after analyst firm BMO Capital Markets cut its price estimate on the company’s shares
from $25 to $15 today.
Facebook’s stock already reached a new low earlier this month after its early investors finally got a chance to sell their shares on August 16. At that time, Facebook’s stock was still worth over $19.60, though. Today, the stock is hovering around
$18.15. The initial IPO price for the company’s stock was
$38.
Source techcrunch
Facebook Stock Hits A New Low, Now Down More Than 50% Since IPO | TechCrunch