LeapFrog checks show holiday weaker than expected, says Ascendiant Ascendiant said its channel checks indicate LeapFrog had a weaker than expected holiday season. The firm says that while deep price discounts drove increased sales of the LeapPads, its channel checks show that sales have tapered off significantly post holidays. The firm lowered its price target for LeapFrog shares to $6.50 from $7 and keeps a Neutral rating on the stock.
LeapFrog Director Rissman buys 25K shares LeapFrog Director Owen Randall Rissman bought 25K shares of the company's stock on November 7, according to a regulatory filing. The stock is up about 5.5% to $4.84 in afternoon trading following the disclosure.