ValueClick Falls on Online Ad Exchange Growth: Los Angeles Mover
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ValueClick Inc., an Internet-advertising company, fell to the lowest level in 10 months after an analyst at Piper Jaffray Cos said increased competition from online exchanges may crimp sales.
ValueClick tumbled 7.2 percent to $14.47 in New York, for the lowest closing price since August 25. The shares have declined 11 percent this year.