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Resources Connection, Inc. (NASDAQ: RECN) shares dropped 11.55 percent to close at $12.10 a share Wednesday. The stock traded between $11.80 and $13.13 on volume of 658,012 shares traded. The company reported a net income of $3.7 million for the first quarter of fiscal 2014, compared to a net income of $4.8 million a year ago.
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Star Bulk Carriers Corp. (NASDAQ: SBLK) shares dropped 13.80 percent to close at $8.81 a share Wednesday. The stock traded between $8.80 and $9.11 on volume of 2.72 million shares traded. The company announced the pricing of a public offering of 7.0 million common shares at a price of $8.80 per share. Shares of Star Bulk Carriers have gained approximately 42.0 percent year-to-date.
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Team, Inc. (NYSE: TISI) shares fell 13.87 percent to close at $34.45 a share Wednesday. The stock traded between $34.25 and $35.94 on volume of 768,814 shares traded. The company reported net income available to shareholders was $5.0 million for the first quarter of fiscal 2014, compared to $7.6 million a year ago. Shares of Team have declined approximately 23.0 percent year-to-date.
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Tower Group International, Ltd. (NASDAQ: TWGP) shares increased 7.03 percent to close at $7.92 a share Wednesday. The stock traded between $7.67 and $8.10 on volume of 5.20 million shares traded. The company announced reinsurance agreements with Arch Reinsurance Ltd., Hannover Re and Southport Re. Shares of Tower Group International have fallen approximately 55.0 percent year-to-date.
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