SALON

Thursday, Jun 14, 2012 8:45 PM UTC

Prices of Facebook stock since long-awaited IPO

By

Topics: From the Wires,

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.

Since the IPO, the stock has been down on 11 trading days and up on eight. Facebook’s stock price has gone as low as $25.52 since the IPO.

The company, along with the investment banks that led the IPO, is the subject of at least two shareholder lawsuits. They allege that analysts at the large underwriting investment banks cut their financial forecasts for Facebook just before the IPO and told only a handful of clients. Morgan Stanley has declined to comment. Facebook calls the lawsuits “without merit.”

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

— Friday, June 1: Closed at $27.72, down 6.4 percent for the day, down 27 percent from IPO price

— Monday, June 4: Closed at $26.90, down 3 percent for the day, down 29 percent from IPO price

— Tuesday, June 5: Closed at $25.87, down 3.8 percent for the day, down 32 percent from IPO price

— Wednesday, June 6: Closed at $26.81, up 3.6 percent for the day, down 29 percent from IPO price

— Thursday, June 7: Closed at $26.31, down 1.9 percent for the day, down 31 percent from IPO price

— Friday, June 8: Closed at $27.10, up 3 percent for the day, down 29 percent from IPO price

— Monday, June 11: Closed at $27, down 0.4 percent for the day, down 29 percent from IPO price

— Tuesday, June 12: Closed at $27.40, up 1.5 percent for the day, down 28 percent from IPO price

— Wednesday, June 13: Closed at $27.27, down 0.5 percent for the day, down 28 percent from IPO price

— Thursday, June 14: Closed at $28.29, up 3.7 percent for the day, down 27 percent from IPO price

Next Article

You Might Also Like

More Related Stories

Featured Slide Shows

The week in 10 pics

close X
  • Share on Twitter
  • Share on Facebook
  • Thumbnails
  • Fullscreen
  • 1 of 11
  • Serena William in an emotional moment during the final women's French Open match against Russia's Maria Sharapova. Williams won 6-4, 6-4, while Rafael Nadal defeated fellow Spaniard David Ferrer 6-3, 6-2, 6-3 in the men's finals on Sunday.
    AP/David Vincent

  • Ongoing anti-government protests at Taksim Square. Five people have died and thousands have been injured since the protests began on May 31. On Friday, Turkey's government agreed to suspend redevelopment plans for Gezi Park, which initially sparked the protests, until a court rules on its legality.
    AP/Vadim Ghirda

  • Billy Porter is all heart and "sole" at a performance of the Cyndi Lauper-scored "Kinky Boots," which won the Tony Award for Best musical on Sunday night.
    AP/The O+M Company, Matthew Murphy

  • A chemical plant explosion and fire in Louisiana on Thursday morning killed a 29-year-old and injured 73 more. The cause of the fire is still undetermined.
    AP/Gerald Herbert

  • So much for pie-throwing loyalty. Media Mogul Rupert Murdoch and third wife Wendy Deng announced they are filing for divorce on Thursday after 14 years of marriage. The pair are pictured at the 69th Annual Golden Globe Awards in Los Angeles this year.
    AP/Matt Sayles

  • Ariel Castro, accused of holding three women captive in his house for roughly a decade, walks into a Cleveland courtroom on Wednesday. Castro, 52, pleaded not guilty to hundreds of charges that include rape and kidnapping.
    AP/Tony Dejak

  • Supporters of Iranian presidential candidate, Hasan Rowhani, campaigned with banners on the streets of Tehran on Wednesday in anticipation of the Iranian presidential elections on Friday.
    AP/Ebrahim Noroozi

  • People watch from the side of the road as a flame-fighting plane passes over the Black Forest area north of Colorado Springs. A raging fire which has been burning since midweek has destroyed more than 360 homes and killed two.
    AP/Brennan Linsley

  • A restaurant in Dunabogdany, Hungary, is roof-deep in floodwaters spilling from the River Danube. Heavy rainfalls this week continued to flood major rivers and lakes in Germany, Austria, Switzerland the Czech Republic and Hungary.
    AP/MTI, Balazs Mohai

  • A gas mask-sporting demonstrator walks past Portuguese graffiti on a bank which reads "Fascist government." Thousands took to the streets São Paulo, Brazil, on Thursday to violently protest a 10-cent hike in bus and subway fares, while similar protests took place in Rio de Janeiro, Brasilia and Porte Alegre in southern Brazil.
    AP/Brennan Linsley

  • Recent Slide Shows

  • Share on Twitter
  • Share on Facebook
  • Thumbnails
  • Fullscreen
  • 1 of 11

Related Videos

More Related Stories

Comments are not enabled for this story.

follow salon

Most Read

Popular on Reddit

links from salon.com

From Around the Web

Presented by Scribol
listener_new_rect The Listener: "We Are All Completely Beside Ourselves": Growing up primate

Recommendations