Slip slidin’ away. Carbonite, who pulled ads from Rush Limbaugh’s radio show after being bullyed by left wing extremists has hit yet another 52 week on their stock. Yesterday, the stock fell to a low of $9.09 during trading, settling in at $9.15 per share. Today was another epic day of fail for Carbonite is their stock plunged almost 9%, falling to $8.21 during trading, and finishing at $8.35 per share. That’s a drop of 8.74% in their stock value in just one day. Their business model and wimpy attitudes to left wing bullies seems to really be paying off for this company.
Carbonite’s stock hit a 52 week high of $21.10 last August. Seems like so long ago doesn’t it? Karma is a bitch isn’t it Carbonite?
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