Shares of DreamWorks Animation SKG (DWA) Turn Red After Higher Open

June 11, 2012 2:27 PM EDT
Get Alerts DWA Hot Sheet
Price: $40.97 --0%

Rating Summary:
    3 Buy, 9 Hold, 8 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Shares of DreamWorks Animation SKG (NYSE: DWA) opened 2.8% higher this morning, but the stock has been giving back gains all day. Now, DWA shares have fallen through positive territory and is currently trading at $17.85, down $0.16 (-0.89%).

The stock has gotten quite a bit of attention this morning, after reports the company's Madagascar 3 movie topped estimates (of ~$55 mln), reaching $60.4 million in it's opening weekend and finishing as the number one movie in the U.S.

Wall Street firms are currently not real favorable on the stock, saying mainly that shares are overvalued. Janney, Montgomery Scott and Barclays maintain their 'Sell/Underweight' rating.

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