Stock Losers Heading Into Midday: INVN, SGYP, BEBE, SAPE, MTW, SWN

Traders at the NYSEInvenSense, Inc. (NYSE:INVN) is down 21.73% today at $13.10. INVN is seeing big volume today with 3.7 million shares traded so far, nearly double its daily average. INVN shares are tumbling today as the company cuts its outlook. InvenSense was expecting revenue of $38 to $42 million, but cut that to $38 to $40 million. The company has a market cap of 1.04 billion.

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Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) is down 21.43% in early trading at $4.4706. SGYP has traded 3.2 million shares so far today, way above its daily average of 98 thousand shares. Synergy Pharmaceuticals announced earlier today a public offering of 10 million shares at $4.50 per share. The company has a market cap of 243.83 million.

Bebe Stores, Inc. (NASDAQ:BEBE) is down 18.66% today at $6.54. BEBE has traded 1.9 million shares so far today, way above its daily average of 266 thousand shares. BEBE shares are down today after the company saw a smaller fourth quarter profit. Bebe Stores broke even on a per share basis, short of the $0.01 per share analysts were expecting the company to earn. The company has a market cap of 548.32 million.

Sapient Corp. (NASDAQ:SAPE) is down 13.87% in early trading at $9.56. SAPE has traded just over 3 million shares so far today, well above its daily average of 729 thousand shares. SAPE shares gapped down this morning after earnings disappointed. The company has a market cap of 1.33 billion.The company has a market cap of 1.33 billion.

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The Manitowoc Company, Inc. (NYSE:MTW) is down 9.23% today at $13.02. MTW has traded 4.8 million shares so far today, well above its daily average of 3.2 million shares. Manitowoc posted a first quarter miss late yesterday as crane sales growth slowed. The company has a market cap of 1.71 billion.

Southwestern Energy Co. (NYSE:SWN) is down 7.22% today at $28.73. SWN has tarded 7.2 million shares so far today, well above its daily average of 6 million shares. Southwestern Energy is taking a hit today as profit dropped 21% as natural gas prices and higher expenses push margins lower. The company has a market cap of 9.99 billion.

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About Martin Stephenson

An avid market watcher, Martin enjoys the tech arena the most with the Nasdaq being his main area of focus. A finance major, Martin is working to the goal of one day ringing the bell at the NYSE.

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