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Facebook shares fall $2 during week

During the week that the bankers behind Facebook’s initial public offering issued their first ratings on the company, its shares fell nearly 6 percent.

Published: June 30, 2012 at 12:05 a.m. PDT
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During the week that the bankers behind Facebook’s initial public offering issued their first ratings on the company, its shares fell nearly 6 percent.

The stock ended trading Friday at $31.09, down 27 cents for the day. For the week, it lost almost $2, or 5.9 percent, compared with last Friday’s closing price of $33.05.

The 40-day quiet period for analysts who work for the banks that underwrote Facebook Inc.’s IPO ended this week, meaning they finally could issue ratings and opinions on the stock.

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