The Wall Street Journal3d agoneutral
CNBC Owner Versant’s Stock Regains Lost GroundShares in Versant Media rose to as high as $45 a share premarket, putting the stock within breathing distance of its initial opening price of $45.17 a share. In its second quarterly report since its spinoff from Comcast in January, Versant reported lower revenue and profit, but did better than Wall Street expected, prompting shares to rally as much as 15% ahead of the opening bell. Shares in Versant, which is home to got cable networks including CNBC, MS NOW and E!, got off to a rocky start after listing on the Nasdaq, dropping as low as $27.42 in February before they started to claw their way back up.
