Stock Watch: Broadvision Tumbles on Downgrade

Shares of e-commerce software company Broadvision (Nasdaq: BVSN) fell 12-9/16 to 93-13/16 on Monday after Prudential downgraded the stock from accumulate to hold. Considering that many investors take a hold rating as an indication to sell, the reaction to the downgrade was not that surprising.

Broadvision, which currently has a market value of more than $7.5 billion, is not a cheap stock, but it is one of the few high-flying e-commerce infrastructure plays that is actually profitable. Shares of Broadvision, which have traded as low as a split-adjusted 7-1/2 in the last 52 weeks, rebounded a bit in early trading today, gaining 4-11/16 to 97-3/4.

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