Stock Market Alert - CMGI Down on Q2, Weak Market

Posted on Tuesday 27 February 2007



Stock Market Alert - CMGI traded down almost 11% on Tuesday after the company reported their Q2 earnings. Volume was extremely heavy on the session, with over 15 million shares of the stock changing hands, compared to a normal daily average volume of just over 5 million shares traded. The stock was not helped out by the weak markets in general, as the Nasdaq and Dow both got slammed. As of the close of trading on Tuesday, CMGI had a market cap of just over $670 million dollars.



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