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.
Poor guys… i know that they can pull out a few millions from investors if they want
fuzzy accounting?
I guess Rosenblatt finally realized he will never win the battle against Google’s algo.