Stock Market Alert - SWKS Down on Weak Market, Offering

Posted on Tuesday 27 February 2007



Stock Market Alert - SWKS suffered the same fate as many other stocks on Tuesday, trading down over 5% to close the regular session at $6.68. Volume was much heavier than normal as the company priced a notes offering, with over 22 million shares of the stock changing hands, compared to a normal daily average volume of just over 4.3 million shares traded. If the markets rebound throughout this week, I would expect SWKS to follow suit, as stocks typically tend to bounce back slightly after any kind of an offering.



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