Why Facebook Stock Fell Monday
Shares of Facebook (NASDAQ: FB) took a hit on Monday, falling 4.5% by the time the market closed. Shares were down along with the broader market. The Nasdaq Composite slid 3.5% as investors were spooked by the spread of the coronavirus to Italy and South Korea.
Investors should put the stock's decline into context. Shares are still up 23% over the past 12 months even after today's drop. Some investors, therefore, may have simply decided to take some profits on the tech stock amid these coronavirus fears.
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Source Fool.com
