Demand Media Shares Hit 52 Week Low After Rosenblatt Resigns

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Shares of Demand Media, Inc. (DMD) hit a 52 week low today closing at $5.34 down almost 9% in the first day of trading since Richard Rosenblatt resigned as CEO and Chairman

Share hit inter-day low of $5.31.

Demand Media, Inc. is now over almost 50% off its 52 week high of $10.34

Volume today was over double of its  90 day average.

Demand Media, Inc. now has a market cap of $466 million.

Demand went public at $17 a share.

 

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

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