2014 SBJ/SBD Reader Survey Judge Set To Decide On Sports Betting Jones On New Super Bowl Bidding Rule Baer On Giants' "Organizational Culture" Atlantic Sun Reaches Deal With LakePoint Game 3 Dedicated To Fighting Cancer AutoNation Sponsors Bowl Game In Orlando Paul Allen Pledges Up To $100M In Ebola Fight UM Cuts Student Football Season-Ticket Prices Galaxy, AEG Announce StubHub Center Upgrades
Reebok stock dropped for the second day in a row on Wednesday, as analysts cited "disappointing sales figures" for the company's new basketball sneaker, Allen Iverson's The Answer, according to DOW JONES NEWS SERVICE. Reebok shares fell $1.93 3/4, or 5%, to close at $35.68 3/4, adding to a 6% drop on Tuesday. Reebok Dir of Investor Relations Joanne Parker acknowledged that sales of the Iverson sneaker "were disappointing." Goldman Sachs & Co. analyst Margaret Mager, on Iverson's The Answer: "The product's sales simply haven't met expectations" (DOW JONES NEWS SERVICE, 12/4).