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Price of Facebook stock down 16 percent from IPO

Facebook Inc. began trading publicly last Friday 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 last 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

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