Stock Market Alert - SCSS dropped over 17% on Thursday, closing at $17.28 after the company announced that they were cutting their FY profit view. Volume was extremely heavy, with over 11 million shares of the stock changing hands, compared to a normal daily average of just over 935k shares traded. The company said that it now expects to earn between 80 - 87 cents per shares for the year, compared to initial estimates of 95-97 cents per share. Analysts had been expecting 97 cents per share, and Wedbush Morgan was particularly hard on the company, downgrading the stock and lowering its price target to $17 from $30.
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