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Investors Getting Out of Sun
Updated from 1:13 p.m. EST
Shares of Sun Microsystems(SUNW Quote) slipped on heavy volume Tuesday in the wake of a massive after-hours sale the previous evening.
More than 173 million shares of Sun were dumped after the bell on Monday, including 150 million shares reportedly sold in a single block trade.
On Tuesday, the block trading continued, with 2 blocks totaling 13 million shares sold. Overall, Sun was recently off 9 cents, or 2.4%, to $3.80. It was the most actively traded Nasdaq stock, with nearly 64 million shares trading hands. ...
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