500.com continues slide as Deutsche Bank downgrades to Sell

|About: 500.com Limited (WBAI)|By:, SA News Editor

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.