Versant Media Group stock extends debut slide as Comcast spinoff meets early skepticism
Versant shares fell about 5% to $38.55 in early Tuesday trading, extending losses after dropping 13% on their Nasdaq debut Monday. The Comcast spinoff, which includes CNBC and Rotten Tomatoes, began trading as an independent company on Jan. 3. About 6.8 million shares changed hands by 2 p.m. ET. Arete initiated coverage with a “sell” rating and a $33 price target.
