Spotify's stock opened with a bang, but closed on a down note

``The stock's first trade was at $165.90 at 12:43 p.m. ET for 5.7 million shares, according to FactSet, or 27% above the reference price of $132. The stock then rose to an intraday high of $169, before falling to a low of $148.26. The stock closed at $149.01, or 10% below its opening price, but still 13% above the reference price.''