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Facebook Hits New Lows

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  • Description

    FBN's Nicole Petallides on stocks impacting the afternoon markets.

  • Duration 0:58
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-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- FaceBook shares hitting another new hello doesn't have to do with the fact there could be some selling on this stock from insiders McCall.

-- that's absolutely the case for FaceBook you can see it right now it's down about 6% to hit in new.

All time lows since the act you know traded as low as 1969.

-- could -- -- now in 1991 a far cry.

From 38 dollars thirty dollars was the IPO price back on May eighteenth -- the insiders now.

Have the opportunity to sell today this is the lock up expires.

And so why you -- is this period it now this is the first of many.

Point so 270 million shares became available today 243.

Million will become available.

At the end of October roughly around that time and then in November are.

One point two billion.

Shares will become available sellout that's on -- -- -- actually sell out.

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