Facebook Stock Down 13% in Second Day ofTrading - Facebook stock fell more than 13% of the initial public offering (IPO) in the second trading day. This social networking shares had already edged up 0.6% at the close of trading debut last weekend.
Eyes of investors and market participants glued to the stock owned by Mark Zuckerberg's company because of the lack of good performance at the inaugural trade. Facebook IPO is the most anticipated by the technology industry.
Last Friday, the stock rose 23 cents from the IPO price. In fact, many investors expect Facebook stock performance could be better.
At the beginning of the inaugural trading opening in last week, Facebook stock rose 11% and prices rose steadily away from its inaugural U.S. $ 38 per share. Many investors are predicting that this stock will soar on the first day of trading.
More than 576 million Facebook stock that is traded on the opening up of trade, which causes the volume of stock trading on Wall Street through the record.
But in late trading, Facebook stock becomes weaker and 25% of shares that is traded on the stock exchange actually are sold by investors. Shares that have coded of 'FB' are only up 37 cents, or 0.97% above the first price U.S. $ 38 per share, or below investor expectations.
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