Why Genius Brands Stock Popped and Then Dropped Today

Shares of Genius Brands (NASDAQ: GNUS) surged in early trading Wednesday morning after CEO Andy Heyward released his annual shareholder letter before the market opened. But after that initial pop, the stock continued its slide from yesterday as investors didn't seem to get any new information about the company or its prospects.

After gaining as much as 12.1% early in today's session, shares of the children's entertainment company finished the day down 6.3%.

A still from Superhero Kindergarten. Image source: Genius Brands.

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Source Fool.com