Dice Holdings Shares Plunged: What You Need to Know (DHX)

Dice Holdings Shares Plunged: What You Need to Know

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Dice Holdings (NYSE: DHX ) dropped 11% in intraday trading today after crossing below its 200-day moving average on Friday.

So what: Technical analysts consider the crossing of a moving average -- particularly over a longer time frame such as 200 days -- to be a signal the trend will continue. Such a crossover can become a self-fulfilling prophecy, at least in the near term. Dice, which provides online recruiting and career development services, has lost about a third of its value since the beginning of May.

Now what: In early May, two large investors, General Atlantic and Quadrangle Group, sold 8 million shares in a secondary offering. That increased the float to 56 million shares. An initiation of coverage today from Evercore with an overweight rating isn't enough to overcome the negative technical trend. Fundamental investors could consider disappointing employment news and a P/E ratio of 40 as reason to fire the stock.

Interested in more info on DHX? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.