Wasserman Receives $100M Investment New York State OKs Lawsuit Against RBS Stats LLC Buys Bloomberg Sports FanDuel Closes $70M Round Of Venture Capital SeatGeek Closes On $35M In VC Financing Golf Sales Cut Into Dick's Profits ClubCorp Acquires Sequoia Golf For $265M Disney Posts Record Q3 Despite ESPN CDI Earns Record Quarterly Revenue Adidas Cuts FY '14 Outlook, FY '15 Targets
Upcoming Conferences and Events
CART Shares Fall 13.9% To Hit 52-Week Low Amid News With ISL
Published January 18, 2001
Shares of CART fell 13.9% yesterday after A.G. Edwards "questioned the relationship" between CART and ISL Marketing, according to a report in REUTERS, which notes A.G. Edwards downgraded CART stock to "maintain" on Tuesday "due to uncertainty in regards to our ISL sponsorship guarantee." CART has a nine-year deal with ISL. The stock closed at $16.25, a new 52-week low. The previous low was $18.13. CART CEO Joseph Heitzler said: "Although we are in discussions with ISL, it is premature to comment on the outcome of these discussions or the effect of ISL's management changes and other sports property renegotiations on CART's revenues and marketing plans" (REUTERS, 1/17).