Publish date:

Macromedia Falls Again After Being Hit With Another Downgrade

Author:

Web publisher

Macromedia

(MACR)

was down 15.4% in early afternoon trading following a downgrade to hold from buy at

TheStreet Recommends

UBS Warburg

.

On Tuesday,

Salomon Smith Barney

downgraded the stock to outperform from buy, sending it down 12%. Macromedia is down about 38% from its recent peak of $83.75 on Dec. 11.