Youbet Stock Down Slightly After Reaching 52-week High

After reaching a 52-week high Monday, shares in 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.