WorldCom Stocks Take A Dive - WLOX.com - The News for South Mississippi

WorldCom Stocks Take A Dive

WorldCom shares were trading down as much as 15 percent Wednesday.

The shares have tumbled more than 25 percent since closing Monday at $12. In trading Tuesday, investors pushed the price to a low of $8.70 before it rebounded slightly. By mid-day Wednesday, shares were trading at about $9.

The shares traded as high as $23.06 in the past year.

Among investor concerns, according to analysts, are WorldCom's debt burden and speculation that chief executive Bernie Ebbers could be forced to sell shares because of a margin call on his stock.

Company spokesman Brad Burns dismissed rumors surrounding Ebbers' holdings. He says there are no foreseeable circumstances that would require Ebbers to sell.

Investment analyst Patrick Comack says today's share price made WorldCom "a blue light special'' on the takeover market.

  • NEWSMore>>

  • Keith Davis turns down job as Moss Point police chief

    Keith Davis turns down job as Moss Point police chief

    Friday, February 23 2018 7:27 PM EST2018-02-24 00:27:34 GMT
    Marine Patrol Chief, Keith DavisMarine Patrol Chief, Keith Davis

    Moss Point Police Department is once again searching for a police chief. Keith Davis announced Friday that he would not be accepting the position.

    More >>

    Moss Point Police Department is once again searching for a police chief. Keith Davis announced Friday that he would not be accepting the position.

    More >>
  • Hancock County student facing charges after school shooting threat

    Hancock County student facing charges after school shooting threat

    Friday, February 23 2018 7:13 PM EST2018-02-24 00:13:56 GMT
    School leaders in Hancock County say they've identified the student who made the threat, taken the child into custody for questioning and say no weapon was ever found.  (Photo source: WLOX)School leaders in Hancock County say they've identified the student who made the threat, taken the child into custody for questioning and say no weapon was ever found.  (Photo source: WLOX)

    According to Sheriff Ricky Adam, one student is now facing charges after a threat was made toward Hancock Middle School.

    More >>

    According to Sheriff Ricky Adam, one student is now facing charges after a threat was made toward Hancock Middle School.

    More >>
  • JABOS providing prom dresses at low cost

    JABOS providing prom dresses at low cost

    Friday, February 23 2018 7:06 PM EST2018-02-24 00:06:43 GMT
    The organization provides gently used long and short formal dresses, accessories, and shoes to young ladies at a very low cost. All items are $15 or less. (Photo source: JABOS Facebook)The organization provides gently used long and short formal dresses, accessories, and shoes to young ladies at a very low cost. All items are $15 or less. (Photo source: JABOS Facebook)

    The Junior Auxiliary of Biloxi-Ocean Springs (JABOS) is hosting its annual Prom Closet at the Ocean Springs Senior Citizens Center Saturday, Feb. 24 from 10 a.m. to 2 p.m.

    More >>

    The Junior Auxiliary of Biloxi-Ocean Springs (JABOS) is hosting its annual Prom Closet at the Ocean Springs Senior Citizens Center Saturday, Feb. 24 from 10 a.m. to 2 p.m.

    More >>
Powered by Frankly