Dreamworks Animation stock drops, logs 52-week low

DreamWorks Animation stock tumbled after the studio announced layoffs and over $300 million in writedowns and charges.lRelated COMPANY TOWNStrategy of DreamWorks Animation CEO Jeffrey Katzenberg is questionedSee all related 8 The stock fell $1.95 or 9.5% to $19.27 in trading on Friday. Earlier in the session, DreamWorks stock hit a new 52-week low of $18.30 after closing Thursday at $21.31. DreamWorks to cut jobs in restructuring Richard Verrier DreamWorks Animation took a sweeping step Thursday to shore up its bottom line, unveiling plans to cut 500 jobs, shake up top...