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Facebook share prices on the decline: Investors looking for an oppurtunity to sell their stock | India Gadgets News

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Facebook share prices on the decline: Investors looking for an oppurtunity to sell their stock

Social networking site Facebook has hit rock bottom and it seems unlikely the company will be able to resurrect itself. Since its IPO flotation Facebook has faced its worst nightmare, the harsh reality of its dwindling stock price. The stock of the company has fallen to an all time low of $19.71. Stock traders are of the opinion that Facebook’s stocks will fall further.

Since the company has gone public nothing has gone right for Facebook. Analysts point out days ahead will make it even more difficult for the company. 271 million Facebook shares are eligible of sale on their already trading 421 million. Although insiders are of the opinion that most would hold on to their shares, the volatile trend in the market would compel most stock holders to sell their stock.

Stock experts reveal that one investor that wouldn’t sell stock would be Microsoft Corp, because of its partnerships with Facebook. Analyst at Telsey Advisory Group, Tom Forte said” I’m a glass half-full man on Facebook. In the near term I expect increasing pressure on the share price as more shares come unlocked. Holders may be unwilling to part with their shares at nearly half their IPO price but in the near term there are going to be more shares out there and not enough demand to pick them up”.


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