Why ScanSource Stock Was Down This Week
ScanSource (NASDAQ: SCSC) shareholders had a tough week. The stock dropped 11% through Thursday trading compared to a 0.7% slump in the wider market, according to data provided by S&P Global Market Intelligence. The decline pushed the cloud connectivity specialist's gains below the S&P 500's returns so far in 2023, though shares are still up roughly 5% since the start of the year.