Stock Market Alert - STSI Gets Crushed

Posted on Monday 22 January 2007



Stock Market Alert - STSI took a beating on Friday, trading down over 61% to close the regular session at $1.70 after the company lost a significant patent case ruling against R.J. Reynolds. The company said that it felt that the decision was “incorrect” and that they would be appealing. Volume was obviously extremely high on the news, with over 3.8 million shares of the stock changing hands, compared to a normal daily average volume of just over 650k shares traded. As of the close of trading on Friday, STSI had a market cap of just over $134 million dollars.



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