Analyst reports from the 33 banks that led Facebook’s initial public offering gave the company’s stock a mixed bag of ratings on Wednesday. The day marks the end of a 40-day quiet period after the IPO, during which the underwriters were not allowed to issue commentary.
Facebook’s much-ballyhooed IPO landed with a thud on May 18, with the stock closing just 23 cents above its $38 IPO price. It hasn’t fared much better since. On Wednesday, it fell 87 cents, or 2.6 percent, to $32.23.
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