Facebook (FB) stock price has fallen for the second consecutive day after the end of quiet period, with a loss of 2.7 percent, to close at $31.36 on Thursday; on the basis of the latest closing price, Facebook’s market value is about $67 billion (if including options which is going to expire, the total share capital is 2.739 billion shares on a market capitalization of $85.8 billion); the intraday volume was only 17.69 million shares, far lower than the average daily volume of 67.49 million shares.
Facebook saw 40-day quiet period ended June 27. Morgan Stanley, JP Morgan Chase, Goldman Sachs and Topeka Capital Markets set expectations on the second-quarter revenues in the respective research report are below the previous consensus estimate of Wall Street analysts, 12 cents earnings per share on revenue of $1.16 billion. Facebook stock price fell 2.63% Wednesday; and continued to fall 2.7% on Thursday, recording a two-consective-day loss. Facebook stock price was 17.5% off its IPO issue price.