Youbet Stock Down Slightly After Reaching 52-week High
Updated: Tuesday, April 6, 2004 1:33 PM
Posted: Tuesday, April 6, 2004 1:33 PM
After reaching a 52-week high Monday, shares in Youbet.com dropped 4.35% to $5.25 during morning trading Tuesday.
Youbet stock closed Monday at $5.49 a share, which was an increase of 23.35% from the previous Friday. The price of Youbet stock began to climb last week after TV Games Network announced it would not exercise a warrant to purchase a majority interest in Youbet.
Stock in Youbet reached a 52-week low of $1.78 a share in November of last year.
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