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Facebook Shares Slump Below Prior Low of $30.94 a Week After IPO

Tuesday, 29 May 2012 10:13 AM

May 29 (Bloomberg) -- Facebook Inc. shares dropped to $30.74, the lowest intraday level since the social network’s trading debut a week ago.

The stock, which fell below the prior low of $30.94 set on May 22, retreated as much as 3.7 percent today. Facebook has slumped from its initial public offering price of $38.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

© Copyright 2021 Bloomberg News. All rights reserved.


   
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2012-13-29
Tuesday, 29 May 2012 10:13 AM
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