After all the hype, Facebook (FB) only climbed 0.23 (0.61%) Friday, with 580 million shares traded.
“After creating a host of buzz and hype, the Facebook IPO fell flat on its opening day Friday. The share that was expected to flood the Wall Street witnessed a mere $0.23 jump in price. And the situation could become worse for the social media king and could go below the offering price if JP Morgan and Morgan Stanley didn't buy when the FB stock hit the offering price.”
Facebook IPO: Top 5 Reason For Smaller-Than-Expected First-Day Pop :: What's Hot :: Mobile & Apps
Of course the weak market didn’t help. The chart below maps the shortened day and volume by price. If you wanted the stock, you could have easily picked it up for the IPO price in the last hour.
“After creating a host of buzz and hype, the Facebook IPO fell flat on its opening day Friday. The share that was expected to flood the Wall Street witnessed a mere $0.23 jump in price. And the situation could become worse for the social media king and could go below the offering price if JP Morgan and Morgan Stanley didn't buy when the FB stock hit the offering price.”
Facebook IPO: Top 5 Reason For Smaller-Than-Expected First-Day Pop :: What's Hot :: Mobile & Apps
Of course the weak market didn’t help. The chart below maps the shortened day and volume by price. If you wanted the stock, you could have easily picked it up for the IPO price in the last hour.
