Citi Cuts Monster Worldwide (MWW) to 'Sell'; Shares Tumble Toward New 52-Wk Low

Monster Worldwide (NYSE: MWW) shares are trading down over 3.7%, partly due to this morning's downgrade by Citi, who cut the stock from 'Neutral' to 'Sell'. Their price target was cut 25% from $8 to $6.

Shares of MWW have fallen from 52-wk highs of $18/share about a year ago...to around the $7-8 range, which is a the bottom of the range. Today's downgrade pushed the stock further down and currently MWW is trading under $7.

NOTE - 52-wk trading range $6.34 - 18.47

According to StreetInsider's Ratings Insider page, four brokerage firms have a 'Buy' on MWW, four have 'Neutral' ratings and one now has a 'Sell'.

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