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 three. 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. Continued... |