Genius Brands Announces Deal to Create Stan Lee Universe
"Buy the rumor, sell the news" seems to be the case with Genius Brands' (NASDAQ: GNUS) announcement today that the children's video entertainment company has signed a deal with Stan Lee's Pow! Entertainment to create Stan Lee Universe.
The stock was down almost 20% in morning trading after soaring 53% last week following a company teaser that it would hold a conference call today "to discuss an exciting business development."
Image source: Pow! Entertainment.
Source Fool.com
