Facebook, Groupon Join Today’s ’52-Week’ Low Club
Filed under: Investing
For 24/7 Wall St.’s ’52-week’ low club, we have two well-known Internet companies who have struggled since their respective IPO’s. One company was on our list yesterday, too.
Shares of Facebook, Inc. (NASDAQ: FB) fell 6.27% to $19.87 on trading volume of 156.5 million shares. The company’s 90-day lockup after its initial public offering ended Thursday, and 271 shares hit the open market today. The market value of the company has been cut nearly in half since its IPO, where shares were…
Facebook, Groupon Join Today’s ’52-Week’ Low Club originally appeared on DailyFinance.com on 2012-08-16T16:43:00Z.
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