Facebook stock jumps even as more insiders able to sell
In other words, the stock is jumping today even though more insiders now have the opportunity to unload their holdings. Shares closed up 13 percent at $22.36, a welcome jump for investors who have seen a steep decline since the stock started trading at $38 in May.
Today's lockup expiration meant the largest set of Facebook shares available since May could hit the market. Many had expected Facebook's shares to take a hit, but instead, it appears most investors … Read more