Facebook stock falls as 229 million shares are freed up for trading
Facebook declined the most in more than five weeks on concern that employees will start selling their shares now that prohibitions on insider sales have ended. Shares of Facebook had touched $20.73 for the biggest intraday decrease since Sept. 24. They declined 3.8 percent to $21.11 at the close in New York, the first trading session since restrictions on the potential sale of 229 million additional shares lifted on Monday. Trading shut down for two days this week because of Hurricane Sandy.