Vonage (VG) Stock Tumbles Again
Posted on Fri 2nd Jun, 2006 10:43:48 AM
Investors that bought at the IPO price of $17 per share cannot be happy with the company’s performance early on. Vonage (VG) fell another $.48 today and closed at $12.02 trading almost 2.5 million shares. Though the market cap is still $1.87 billion, the stock is down over 25% since its debut just last week. Perhaps $12 is a support point but watch the stock closely anyway before making a potential value buy.
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