The news just keeps getting worse for investors who purchased Facebook stock. Facebook stock has been in a continual decline ever since they reported their second-quarter earnings last week. Today, it has hit an all-time low of $19.82, according to Google Finance.
The stock hovered around $20, with occasional dips below and, at the time of writing, is currently at $19.88. For a bit of perspective, a stock price of $19 dollars would put the stock at exactly half the IPO offering price of $38.
Yesterday, Facebook closed at $20.88, $0.04 above its lowest closing price of $20.84. It looks as though today could change that lowest closing price record.