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Today’s Big Losers: ORCC, PSUN
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Today’s Big Losers: ORCC, PSUN
Online Resources (ORCC) shares are sharply lower today after the online financial services provider announced it decided against any potential merger or buyout, and "is not actively pursuing alternatives to the company’s long-term strategic growth plan." Pacific Sunwear of California (PSUN) shares are lower after the company posted a fourth quarter loss late yesterday of $35.2 million, or $0.53 per share, slightly narrower than a loss of $36.5 million, or $0.56 per share, in the same quarter last year. However, an an adjusted loss of $0.33 per share was still wider than analysts expected.
Video Length: 0
Date Found: March 16, 2011
Date Produced: March 16, 2011
View Count: 0
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