3 ms·
You can't read without a subscription or something? Either way, I read about this somewhere else and I think it's true about the underwriters. I just watched t
by nextparadigms 14y ago
You can't read without a subscription or something?
Either way, I read about this somewhere else and I think it's true about the underwriters. I just watched the FB stock go down to 38.00, and then immediately went to 38.01 and a bit more (38.07 right now). It will probably fall under 38 by closing time, unless they can maintain it there by then.
- debacle 14y agoJust before close there was a bid at 38.00 for 9.6 million shares. [source: http://finance.yahoo.com/q/bc?t=1d&s=FB&l=on&z=l&q=l&c=&ql=1&c=^GSPC http://finance.yahoo.com/q/bc?t=1d&s=FB&l=on&z=l...] Someone is definitely propping up the stock today.
- deleted 14y ago[deleted]