InVitro Shares on the Decline: Shares of...
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InVitro Shares on the Decline: Shares of InVitro International Inc. continued to slip in price Wednesday, two days after Forbes magazine released an issue containing an article critical of the company.
InVitro, which is developing tests for hazardous materials, issued a response Wednesday saying that it continues to add five to 10 customers a week and that sales of its tests are going well.
Forbes, in its Dec. 20 issue, suggested that Irvine-based InVitro stock may be overpriced and that the company will probably see its bubble burst and someday its stock certificates may be so worthless that they will be “perfect for wrapping dead fish.”
InVitro stock closed Wednesday at $6.375 a share, down 37.5 cents. On Tuesday, the stock lost 24% of its price before recovering to close at $6.75 a share, down 67.5 cents.
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