LOCAL

Prices of Facebook stock since long-awaited IPO

Staff Writer

Lubbock Avalanche-Journal

The news ticker in New York's Times Square carries a headline about the Facebook IPO, May 17. Facebook's initial public offering was one of the most hotly anticipated in years. The initial public offering of stock priced at $38 a day earlier. That was at the top of a projected range that Facebook had already boosted just days earlier.

Facebook Inc. began trading publicly May 18 following one of the most anticipated stock offerings in history. The initial public offering of stock priced at $38 a day earlier. That was 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 that Friday at $42.05 and fluctuated between $45 and $38 throughout the day. It closed barely above its IPO price, at $38.23.

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 9 percent for the day, down 19 percent for the week, down 18 percent from IPO price

¦ Wednesday, May 23: Closed at $32, up 3 percent for the day, down 16 percent for the week, down 16 percent from IPO price

¦ Thursday, May 24: Closed at $33.03, up 3.2 percent for the day, down 13.6 percent for the week, down 13.1 percent from IPO price

¦ Friday, May 25: Closed at $31.91, down 3.4 percent for the day, down 16.5 percent for the week, down 16 percent from IPO price