Shares of Versant fell more than 13% during its first day of “regular way” trading on Monday after opening at $45.17 apiece. Its separation from Comcast was finalized at 11:59 p.m. ET on Friday.
The company, which houses cable networks USA Network, CNBC, MS NOW (formerly MSNBC), Oxygen, E!, SYFY and Golf Channel, as well as digital assets Fandango, Rotten Tomatoes, GolfNow and SportsEngine, trades on the Nasdaq under the ticker symbol VSNT.
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