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Downgraded Mouse shares slip again. (Business).(Disney stock drops)(Brief Article)(Statistical Data Included)
Disney shares suffered a second consecutive decline Monday in the wake of an investment downgrade and mixed press on recent financial results.
Mouse House shares closed down $1.08, or 4.5%, at $23.02. Stock, which set a 52-week high of $34.50 on May 22, has been stuck in the low to mid $20s since Jan. 1.
Unlike Friday's Mouse selloff -- triggered by a UBS Warburg downgrade of the stock to "hold" from "buy" -- it appeared the latest sesh's slide was tied to a broader media malaise on the Street.
MGM fell 5% Monday, Viacom's most widely tracked Class B shares tumbled 4.5% and AOL Time Warner dipped 3.6%. The blue chip Dow Jones Industrial Average ...
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