Monday, July 16, 2007

Spartech says CEO quits, cuts profit view; shares fall

(Reuters) - "Abd, CEO since May 2005, was the architect and driving force behind the company's recent structural changes and operational improvements," Deutsche Bank analyst David Begleiter said in a research note to clients on Monday.




Shares of the company fell more than 20 percent, or $5.52, to $21.80 in midday trade, making them the highest percentage loser on the New York Stock Exchange on more than four times the 10-day moving average volume, according to Reuters data.


Read more at Reuters.com Hot Stocks News

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