Today's Big Losers: SWS, NL, SCHS, SFN, HUSA Thursday, August 19, 4:48 PM ET
Donald W. Hultgren resigned Wednesday as president, CEO and a member of the Board of Directors of SWS Group (SWS) to "pursue other interests."
on the news, shares of SWS Group are down 13.3%.
On more than double average trading volume, shares of NL Industries (NYSE:NL) are trading lower by 10.9%.
School Specialty (SCHS) said they now expect fiscal 2011 revenue to range from $735 million to $770 million, compared with the prior guidance of $790 million to $825 million. Diluted earnings per share, excluding the non-cash impairment charge, is now expected to range from $0.15 to $0.45, reflecting lower revenue and gross margins, compared with the prior guidance of $1.00 to $1.30.
On the revised outlook, shares of School Specialty are off by 16.6%.
On higher-than-average volume, shares of SFN Group (SFN) are lower by 8.6% today.
And on relatively normal volume, shares of Houston American Energy (AMEX:HUSA) are down 8.1%.
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