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WCI Communities (WCI) Sinks On Downgrade, Bankruptcy Fears

May 8, 2008 12:44 PM EDT
Get Alerts WCI Hot Sheet
Price: $0.66 --0%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 3
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Shares of WCI Communities (NYSE: WCI) are under heavy pressure today (-19%) after Raymond James downgraded the stock from Market Perform to Underperform. The firm said bankruptcy risk is now a likely potential outcome and sees little or no value for equity holders.

WCI Communities, Inc. operates as an integrated homebuilding and real estate services company in the United States.

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