Small Cap Movers

Bankrate dips 3% on analyst downgrade

Mary Ann Azevedo | Sep 18, 2008 11:33am EDT | Comment
Rating: Unrated

Shares of Bankrate Inc. (Nasdaq:RATE) dipped by nearly 3% this morning following an analyst’s downgrading of its stock.

This morning, Collins Stewart downgraded the North Palm Beach, Fla.-based Internet banking firm to “sell” from “hold.”

By late morning, the stock was at $33.10, down $0.98 from Wednesday’s close. The stock has traded as low as $24.54 and as high as $57.32 during the past 52 weeks.

For detailed price information and news stories on Bankrate, click RATE.

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Mary Ann Azevedo

About the Author
Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.