PlanetOut Stocks Sink After Sale Announcement
 
 

planetout_logogif-112.jpg
Gay media company PlanetOut lost even more luster yesterday.

Shares of PlanetOut Inc. sank to an all-time low Tuesday after the media company… said it may sell itself.

PlanetOut shares fell $1.45, or 23.4 percent, to $4.75 in early afternoon trading. Earlier, the stock traded as low as $4.65 _ its lowest since a reverse stock split in early October.

A PlanetOut spokesman wouldn't tell the Washington Blade whether any companies have come knocking.

 
 
Fark Facebook Digg StumbleUpon Del.icio.us Reddit
Comments (0)

There are no comments yet. Post yours!

Leave a Comment

It's easier to leave comments when you register for an account. It's quick.

Already have an account? Then log in!

By posting, you agree to our Comments Policy.

 
 
Scroll Posts
Queerty Home | Advertise | Copyright 2009 Jossip Initiatives