The Absolute Winners In Facebook IPO: Day TradersMay 23, 2012 8:24 pm
High volatility and high volume. We spotted this today:
“”It’s a day trader’s paradise right now. There’s high volatility and high volume,” said Douglas DePietro, managing director for sales trading and trading execution at Evercore Partners.
While volatile, frenetic trading is not unusual in the first few days after a large IPO, in the case of Facebook (FB), both the overall trading volume and Nasdaq’s problems executing trades amplified the moves.”
Statistics Source: CNNMoney
We had spotted some Facebook IPO stats before.