Shares of Citrix plunge over 9%

October 6th, 2010 davidguide

SAN FRANCISCO (MarketWatch) — Shares of Citrix Systems Inc. plunged over 9% Wednesday following a strong run-up in stock price since early July. The shares of the software company, which closed at $42.11 on July 2, had rallied to close above $70 recently following the release of its second-quarter earnings at the end of July. Citrix, at the time, reported that it earned 25 cents a share in the quarter. Citrix shares traded at $63.65 in recent activity.

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