(Reuters) - Greenfield said shares in the company had fallen by more than 31 percent this year due to deteriorating music sales data and uncertainty surrounding a potential EMI merger and on Wednesday dropped below the $16 target price he had set for it.
Sales of CDs fell by 20 percent in the first quarter, according to data from Nielsen SoundScan.
Read more at Reuters.com Business News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment