LoJack reported third-quarter earnings before the bell this morning, and investors ran for cover.
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One of the worst-performing stocks on the Nasdaq today was LoJack (LOJN), which reported its third-quarter earnings before the bell this morning.
Today’s subsequent 23% price drop (amid trading volume nearly eight times higher than average) reaffirmed the public’s decreasing confidence in the future of the vehicle-tracking and recovery company.