1. Pacific Sunwear of California
Pacific Sunwear of California (PSUN) needed to do something fast or it was facing its demise, and the company answered the call somewhat after Wednesday's closing bell, revealing plans to close as many as 200 underperforming stores and obtaining a loan from private equity firm Golden Gate Capital.
As of Wednesday's close, the stock was down 76% for the year. In after-hours action, the shares gained more than 40%.
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