Seeking Alpha

500.com continues slide as Deutsche Bank downgrades to Sell

  • 500.com (WBAI -9.8%) shares continue to decline as lead underwriter Deutsche Bank downgrades the recent high-flyer to Sell with a $26 PT.
  • The firm thinks shares have advanced well beyond the realities of company's growth as World Cup fever overflows.
  • The PT implies a decline of 41.4% from yesterday's close, a rare view in the raging tech and IPO markets.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector