Market Pulse Archives
Sept. 24, 2012, 1:41 p.m. EDT
Facebook trips Nasdaq breaker, down 10%
By Benjamin Pimentel
marketwatch.com
SAN FRANCISCO (MarketWatch) -- Shares of Facebook Inc. continued falling Monday, tripping the Nasdaq's circuit breaker meant to shield stocks from manipulation by short sellers. Facebook was last trading down 9.2% to $20.76. The stock earlier fell by at least 10% from the previous session's closing price, triggering the Nasdaq system which imposes a restriction on prices at which a stock can be sold short. Facebook took a hit from a Barron's report arguing the stock is worth just $15.
More: http://www.marketwatch.com/story/facebook-trips-nasdaq-breaker-down-10-2012-09-24?dist=countdown