Cartoon Brew readers might have seen this coming a mile away, but not Wall Street. The business world is finally realizing that 3-D may not be the revolution that Hollywood’s snake oil salesmen promised it would be. Yesterday, shares in 3-D technology licensor provider RealD sank nearly 16% to $15.48. It’s significant because this is the first time the stock is trading below its 2010 IPO price of $16 a share. The stock was trading at over $35 just two months ago.
The stock plunged following the company’s first quarter report which topped analysts’ expectations but fell short of estimates on Wall Street. Analysts have already begun asking whether it’s game over for 3-D.