DRIV big drop in after-hours
Wednesday, June 27, 2007
Shares of Digital River fell almost 14% in the extended trading after company lowered its second-quarter and full-year profit outlook. Digital River said it expects profit for the quarter ending Saturday between 31 cents and 32 cents per share, down from a previous estimate of 39 cents per share. During the same period a year prior, the company earned 30 cents per share. Following investor reaction and looking at the chart stock should find some support at 43$ or in a bad situation at 38$. Keep an eye on DRIV for a GAP Down tomorrow at the open.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.