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Facebook tumbles below $20 as insiders induce stock swoon
Today’s the day that
Facebook
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insiders can begin selling their shares and, even though the market was well-prepared for the event, the stock is getting pummeled worse than expected.
The shares, which traded as high as $45 right after Facebook’s IPO in May, have tumbled 7 percent this morning to a new low of $19. 69. Read more
Summary
Today’s the day that Facebook insiders can begin selling their shares and, even though the market was well-prepared for the event, the stock is getting pummeled worse than expected.
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