Benzinga's Volume Losers
STARWOOD PROPERTY TRUST, INC (STWD) shares moved down 3.34% to $27.28. The volume of STARWOOD PROPERTY TRUST shares traded was 1649% lower than normal. STARWOOD PROPERTY TRUST has announced the pricing of an underwritten 26,500,000 shares public offering of its common stock for total estimated gross proceeds of approximately $723.5 million.
Mistras Group Inc (MG) shares dropped 10.05% to $21.49. The volume of Mistras Group shares traded was 1083% lower than normal. Mistras Group reported its third quarter adjusted EPS at $0.07, down from $0.13 a year ago.
JC Penney Company, Inc Holding Company (JCP) shares fell 11.11% to $14.1075. The volume of JC Penney's shares traded was 847% lower than normal. The share price fell following JC Penney sacked CEO Ron Johnson and reinstated former CEO Mike Ullman at the helm.
A Schulman, Inc (SHLM) shares declined 5.41% to $12.76. The volume of A Schulman shares traded was 700% lower than normal. A Schulman reported its Q2 adjusted EPS at $0.27, down from $0.38 a year ago.
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