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Is 500.com a turkey?

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turkey_1 March 27, 2014 (Chinavestor) Shares of 500.com Inc. (NYSE::WBAI) fell $2.94 or 7.77% by 2:30 P.M. on Thursday. This is not only one of the largest drops among ADRs but is the fourth day in a row when the stock fell. 500.com Inc. (NYSE:WBAI) suffered combined losses of 20.0% this week alone!

This 20% plunge marks the largest weekly decline for the stock in its history. The second largest weekly decline was just two weeks ago, between March 10-14. The stock fell from $48.36 at the open  on Monday to $41.473 by the close on Friday.  Chinese online sports lottery site 500.com Inc. (NYSE:WBAI) IPOd November 22, 2013.

500.com Ltd. (NYSE:WBAI) in the last four week.

 

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