Doherty at the Close 8.16.2012

Facebook fell -6.2%, hitting a brand new all time low, as the lockup period ended on early investors. Many investors were allowed to sell for the first time and quickly unloaded their shares to gain the value that remained. The Stoxx Europe rose 0.3%, finishing at a high month high. 

PetSmart (PETM) rose 4.58% after the pet products retailer announced better than expected fiscal second quarter earnings, while reducing full year outlook.