Harsco Corp (HSC)

[Pres46]

The reason we are at 3.92

Harsco Corp. (NYSE: HSC) dropped nearly 39% on Friday to post a new 52-week low of $3.82 against a 52-week high of $18.00. The stock closed at $6.22 on Thursday night. Volume rose to around 5.6 million shares, nearly 8 times the stock’s daily average volume of around 760,000 The industrial firm suspended its dividend this morning and offered weak guidance for the new fiscal year.

Made a lot of people unhappy and they sold off. No dividend payment doesnt exactly reak of a reason to be confident in a stocks upward value but a drop of 39% is ridiculous and I expect a rebound of at least 15-18% here.