Nasdaq Stocks Heading Lower This Morning: ZN, AVID, AMRS, FDML, SVNT, ALXN

Zion Oil & Gas, Inc. (NASDAQ:ZN) is down 13% this morning at $1.94. ZN has traded 308 thousand shares so far today, well above its daily average of 103 thousand shares. ZN shares are down today after Zion announced it reduced the exercise price of outstanding warrants. The company has a market cap of 56.75 million.

Avid Technology, Inc. (NASDAQ:AVID) is down 12.73% today at $7.13. AVID is trading above average volume in early trading with 210 thousand shares. AVID trades about 180 thousand shares a day on average. AVID shares are falling today after third quarter warning. The company has a market cap of 275.79 million.

Amyris, Inc. (NASDAQ:AMRS) is down 8.62% today at $2.65. AMRS has traded 164 thousand shares so far today and trades 399 thousand shares a day on average. AMRS shares are down 12% over the past five days. The company has a market cap of 154.48 million.

Federal-Mogul Corp. (NASDAQ:FDML) is down 9.67% today at $7.59. FDML has traded 284 thousand shares so far today, well above its daily average of 164 thousand shares. FDML shares are down today after missing estimates on revenue and EPS. The company has a market cap of 750.68 million.

Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) is down 7.51% today at $1.97. SVNT has traded 1.5 million shares so far today and trades 3.2 million shares a day on average. The company has a market cap of 138.35 million.

Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) is down 4.01% today at $103.30. ALXN has traded 1.4 million shares so far today, 300 thousand shares more than its daily average. ALXN shares are down more than $10 a share over the past two days. The company has a market cap of 19.72 billion.

About Danny Fisher

Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.

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