After 42 successful weekly auctions of shares of Facebook stock, SecondMarket hit a snag – they weren’t able to make a market between buyers and sellers in the 43rd, and no sales were closed. The same thing happened in the 44th auction, no sales.
Things have changed this week, though. And it was the sellers who folded, not the buyers.
The weighted average offer (sell) price in today’s auction was $32.37 (down from $32.42 last week). The weighted average bid (buy) price was $28.47, unchanged from last week. The clear price was an even $30 per share.
And just 14,000 shares closed ($420,000 in aggregate). About 130,000 shares, nearly 10x the volume, were purchased in Auction 42 three weeks ago.