WebMD, Health Management, Liz Claiborne Continue Sell Off
Shares of WebMD (NASDAQ: WBMD), Health Management Associates (NYSE: HMA), and Liz Claiborne (NYSE: LIZ) continued to sell down sharply WebMD’s store dropped as the firm’s CEO resigned and the board said it would cease its work to find a buyer for the…
Shares of WebMD (NASDAQ: WBMD), Health Management Associates (NYSE: HMA), and Liz Claiborne (NYSE: LIZ) continued to sell down sharply
WebMD’s store dropped as the firm’s CEO resigned and the board said it would cease its work to find a buyer for the company. The stock was down 28% to $26.42.
Health Management was down 22% to $5.40 as it general counsel left. The company faces a charge of overbilling for Medicare charges.
Liz Claiborne (NYSE: LIZ) sold down 14% to $8.55. The firm said its CFO would leave. It also adjusted guidance for 2012 down to a level of $125 million to $140 million. Previously, it had set guidance between $130 million and $150 million
Stock prices as of 1.35 PM EST
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
