Facebook Breaks $31.00; Down 9%

Facebook

shares have broken through the $31.00 level on the downside as the stock continues to plunge in late trade on Tuesday. At last check, FB had lost more than 9% and was trading just below the $31.00 level. It looks very likely that FB will finish near the lows of the session yet again as the company's stock has plummeted from its $38.00 IPO price.