Facebook inc stock falls nearly 14 pct to session low at $33, the social networking giant slumped in its second session after a disappointing debut. Facebook debut fell short of lofty expectations last week, and fared no better on Monday. It's stock sank 11 percent in its second day of trading, dropping to $34.03, well below its $38 issue
price.
"Institutional buyers weren't as enamored with Facebook as retail investors were, so it isn't a surprise to see them taking their liquidity out for other areas," said John Norris, managing director of wealth management with Oakworth Capital Bank in Birmingham, Alabama.
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