It's a roller coaster week for Superconductor Technologies (SCON -22.2%). A day after rising an...

|About: Superconductor Technologies... (SCON)|By:, SA News Editor

It's a roller coaster week for Superconductor Technologies (SCON -22.2%). A day after rising an astounding 118% on a report of increased orders, the shares crater midday as the company announces a $2.18M direct placement at $4.25 per share. The institutional investors involved in the deal will also receive warrants to purchase an additional 513K shares.