SeaChange Shares Dive 44% on Big Q2 Shortfall | Light Reading

Shares in SeaChange International fell 44% Tuesday after the company issued preliminary Q2 results that fell far short of the mark and triggered a massive selloff.

SeaChange International Inc. (Nasdaq: SEAC) shares closed Tuesday at $1.62, down $1.28 (44.14%). According to Yahoo Finance, share volumes in SeaChange eclipsed 5.2 million Tuesday, compared to an average volume of about 102,000. MarketWatch said SeaChange shares were on track for the biggest one-day selloff since the company went public 22 years ago.

Source: SeaChange Shares Dive 44% on Big Q2 Shortfall | Light Reading

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