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Sony Corp. (SNE) Dropped To Over A 2-Month Low

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Sony Corp. (SNE: Quote) announced Thursday it will cut about 10,000 jobs in fiscal 2012 as part of a turnaround plan.

Sony gapped open sharply lower Friday and declined during the first half of the morning. The stock was range-bound for the remainder of the session and closed down by 1.37 at $17.36 on above average volume. Sony has been losing ground for the past 2 weeks and closed at over a 2-month low.

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by RTT Staff Writer

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