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




      
					
					
					
						
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