- 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.
500.com continues slide as Deutsche Bank downgrades to Sell
Jan 23 2014, 12:54 ET