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IPLY.OB in free fall
Company News - posted by Saint_Proverbius on Tue 4 May 2004, 17:03:36Tags: Interplay
It looks like shareholders are starting to figure out what losing the D&D distribution rights means for Interplay, because IPLY.OB is down from 7.5 cents/share to 5.2 cents/share as of this posting. That's a 30.67% drop. It hit 5 cents/share earlier this morning, which is the lowest it's been in over a year. The volume of trade is 1,269,100, so there's a lot of shares flying around.
I'd say that a few people will pick up shares, since it's getting cheaper for them to do it now. However, I doubt it will reach the 7.5 cents/share it openned with today.
EDIT: Closed at 6 cents/share, down 20%.
Spotted at: Yahoo Finance