Tracking Current Facebook Stock Price Keeps Investors on Edge

facebook stock price

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Many rushed to get in on what was hyped as the ground floor stock opportunity of the decade last week when the Facebook IPO took the company public. But so far the Facebook stock price has been a bust.

The latest drop in the Facebook stock price came on Tuesday when the price of Facebook stock (FB) closed out at $31 per share. The price is a full $7 less than the IPO stock price from last week and $11 lower than the highest price which Facebook stock climbed to within the first hours of trading.

The stock fell quickly below $40 shortly after the initial opening and has not been above that mark since. Many investors tracking the Facebook stock say that the price, even at $31 is still well above the value of the company based on potential earnings per share. Others point out that the company still has a long way to go to prove that it can be profitable especially in the mobile environment.

About Ed Dixon

Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com