Facebook Inc. began trading publicly in mid-May following one of the most anticipated stock offerings in history. The initial public offering of stock priced at $38, at the top of a projected range that Facebook had already boosted just days earlier.
Although many investors had hoped for a big first-day pop, Facebook’s stock opened on May 18 at $42.05 and fluctuated between $45 and $38 throughout the day. It closed barely above its IPO price, at $38.23.
Here’s how Facebook’s stock has traded since the IPO:
_ Friday, May 18: Closed at $38.23, up 0.6 percent from IPO price.
_ Monday, May 21: Closed at $34.03, down 11 percent for the day, down 10 percent from IPO price
_ Tuesday, May 22: Closed at $31, down 8.9 percent for the day, down 18 percent from IPO price
_ Wednesday, May 23: Closed at $32, up 3.2 percent for the day, down 16 percent from IPO price
_ Thursday, May 24: Closed at $33.03, up 3.2 percent for the day, down 13 percent from IPO price
_ Friday, May 25: Closed at $31.91, down 3.4 percent for the day, down 16 percent from IPO price
_ Tuesday, May 29: Closed at $28.84, down 9.6 percent for the day, down 24 percent from IPO price.
_ Wednesday, May 30: Closed at $28.19, down 2.3 percent for the day, down 26 percent from IPO price.
_ Thursday, May 31: Closed at $29.60, up 5 percent for the day, down 22 percent from IPO price.
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