Friday July 10, 10:17 am Eastern Time Skyline investigating stock price increase
NEW YORK, July 10 (Reuters) - Skyline Multimedia Entertainment, Inc. ( SKYL - news) said on Friday it does not know why its stock climbed to 2-7/8 on Thursday after closing at 5/16 on Wednesday, July 8. Skyline said it is currently investigating the possible cause of its stock's recent surge.
The company said in a release it has undergone recent significant management changes, but does not believe that such changes are the cause of the recent market activity.
Skyline's shares fell 1-3/4 Friday morning, trading at 1-1/8.
Headquartered in New York City, Skyline Multimedia Entertainment, Inc. is a holding company engaged in the development and operation of entertainment attractions. |