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Cendant Suffers Stock Meltdown
Cendant Suffers Stock Meltdown-January 2024
Jan 1, 2025 2:12 PM

  The parent company of Sierra On-line and Blizzard Entertainment suffered a stock price meltdown Thursday on Wall Street.

  Cendant Corp. stock tumbled almost 50 percent after the company disclosed what it is calling "potential accounting irregularities" in its core membership-club operations - operations that are fairly independent of the gaming divisions. Cendant stock closed Thursday at 19 1/16, down 16 9/16 points.

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