Stock Market Alert: SYX was rocked on Thursday, trading down over 20% to close the regular session at $11.80 after the company announced that they were going to be delaying their Q2 earnings results. The company said that it had not had enough time to complete the process, and would need more time. Volume was extremely heavy on the news, with over 6.6 million shares of the stock changing hands, compared to a normal daily average of 370k shares traded. SYX closed on Thursday at $11.80, and currently has a 52 week low of $5.62. As of Thursday’s close, SYX had a market cap of $413 million dollars.
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