Tag Archives : Facebook Stock price

Those who thought that record low of US $19.69 which Facebook sank to on Nasdaq earlier this month was a buying opportunity were wrong, Facebook’s stock hit a new low of US $18.03 after analyst firm BMO Capital Markets cut its price estimate on the company’s shares from $25 to $15 today. Bank of America-Merrill Lynch and Bank of Montreal slashed their targets on Facebook by 34% and 40%, respectively, [...]

Facebook has lost almost $50 billion in market capitalization, or just under half, of its value since its IPO. The Social Network giant’s shares sank 6.3 percent to a record closing low after the lockup period ended and the early investors were able to sell for the first time since Facebook went public. Facebook stock, which debuted at $38 on May 18 this year, fell as much as 7.1 percent to a [...]