Submitted by Fox First at Ten on August 10th
By The Associated Press
On its first day of trading, Facebook Inc.'s stock closed barely above its public offering price. It gained 23 cents, or 0.6 percent, to close at $38.23. Since then, the stock price fell for eight weeks and increased for four.
Here's are the closing prices each week since the first day of trading on May 18:
- May 25: Closed at $31.91, down 17 percent for the week.
- June 1: Closed at $27.72, down 13 percent for the week.
- June 8: Closed at $27.10, down 2.2 percent for the week.
- June 15: Closed at $30.01, up 11 percent for the week.
- June 22: Closed at $33.05, up 10 percent for the week.
- June 29: Closed at $31.09, down 5.9 percent for the week.
- July 6: Closed at $31.73, up 2.1 percent for the week.
- July 13: Closed at $30.72, down 3.2 percent for the week.
- July 20: Closed at $28.76, down 6.4 percent for the week.
- July 27: Closed at $23.71, down 18 percent for the week.
- Aug. 3: Closed at $21.09, down 11 percent for the week.
- Aug. 10: Closed at $21.81, up 3.4 for the week.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
