Why Facebook Stock Fell Sharply on Tuesday

Shares of Facebook (NASDAQ: FB) took a hit on Tuesday, falling as much as 5.6%. As of 12:45 p.m. EDT, however, the stock was down 4.5%.

The stock's decline was driven by a sell-off in the broader market and a series of lowered price targets for Facebook stock from analysts.

Facebook CEO Mark Zuckerberg. Image source: Facebook.