Warner Music Group Sells Off On Q4 News

Filed under: Earnings Reports

Warner Music Group (WMG) hit some bad notes today with the traders. At the time of this writing, the stock was down 7.3% to $5.43. Volume was above average. The movement was in response to the company's fiscal fourth-quarter report.



I haven't been a huge fan of this equity. It's a single-digit-priced name that I just wouldn't feel comfortable owning or trading. Guess I'm not too courageous. Certainly many short-term players have made some money with this one. The chart is indicative of a volatile story; after peaking in April, the shares collapsed. Lately, they've been making a run against various resistance levels.

Continue reading Warner Music Group Sells Off On Q4 News

Warner Music Group Sells Off On Q4 News originally appeared on BloggingStocks on Wed, 17 Nov 2010 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=5de0ac52ce69287fa4bd54cca93ed39f