Sport Supply Group comments on unusual stock activity Friday
Sport Supply Group, Inc. (AMEX: RBI) said today that it is unaware of any reason for Friday’s higher than average trading volume and stock price decline.
Shares of the provider of sporting goods catalogs sunk 24% to close at $7.00 Friday.
The company’s CEO, Adam Blumenfeld, stated in a press release, “We don't typically comment on unusual market activity, industry speculation or rumors. However, in light of recent trading activity in our stock, we felt it was important to communicate that we are not aware of any material, undisclosed information or corporate development that would contribute to Friday’s decline or unusually high trading volume.”
Shares of Sport Supply Group (RBI) gained 8.7%, or $0.90, to $11.25 at 10:06 a.m. ET. Shares of Sport Supply Group have been trading in the range of $15.31 to $25.42 for the past 52 weeks.
