Facebook’s stock slid below its offering price in morning trading on Monday, following a lackluster debut day.

Facebook (FB) fell as low as $33 in the first half-hour of trade, but it was holding around $33.90 at 11:15 a.m. ET. That’s a more than 11% drop from Friday’s $38.23 closing price.

Though Facebook was one of the most highly anticipated initial public offerings in recent memory, the stock closed with a gain of just 23 cents on Friday after trading was delayed.

Shares barely breached $42 at their peak on Friday — which came at thestart of trading — and spent most of the day floating between $40 and $42 each.

More than 80 million shares changed hands in the first 30 seconds of trading on Friday. Volume spiked to about 567 million shares by the end of the session, setting a new volume record for IPOs.

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