Facebook (FB) Shares See Late-Day Reversal as Nasdaq Admits IPO Was a Mess

June 6, 2012 3:56 PM EDT
Shares of Facebook (Nasdaq: FB) have recovered very strongly over Wednesday's afternoon session as traders are responding to news Nasdaq (Nasdaq: NDAQ) set a $40 million voluntary accommodations fund for the IPO debacle.

Also affecting the stock this afternoon, Nasdaq CEO Robert Greifeld admitted the company owes the industry an apology for the Facebook IPO mess.

After marking a fresh low at $25.52 this morning (down almost 1.4 percent), Facebook shares are now trading up 4.4 percent to $27.02.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Momentum Movers

Add Your Comment