Kingold Jewelry Inc. (NASDAQ:KGJI) is down 20.73% in midday trading at $1.4190. KGJI has traded 768 thousand shares so far today, well above its daily average of 164 thousands shares. Kingold Jewelry announced fourth quarter results after market close yesterday. Revenue for the fourth quarter was down from the previous year to $168.5 million with net income coming in at $0.06 per share. The company has a market cap of 73.29 million.
Neurocrine Biosciences, Inc. (NASDAQ:NBIX) is down 12.12% today at $7.90. NBIX has traded 2.5 million shares at midday, 4 times its average volume. NBIX shares are down today after the company announced data from one of its testing sites had to be removed from test results due to inconsistencies. The company has a market cap of 524.61 million.
Galena Biopharma, Inc. (NASDAQ:GALE) is down 9.525 in midday trading at $1.90. GALE has traded 4.2 million shares so far today, well above its daily average 2.3 million shares. Galena shares are continuing their pull back today after the stock jumped quickly last week on patent news. The company has a market cap of 81.67 million.
A123 Systems, Inc. (NASDAQ:AONE) is down 6.04% today at $1.40. AONE has traded 5.6 million shares so far today, well above its daily average of 3.1 million shares. AONE shares continue to fall today after the company said it would cost $55 million to replace battery equipment. The company has a market cap of 201.47 million.
Oclaro, Inc. (NASDAQ:OCLR) is down 8.37% today at $4.27. OCLR has traded 3 million shares so far today, more than 3 times its average volume. Yesterday, Oclaro announced it will buy Opnext for $177 million. The company has a market cap of 219.20 million.
Apollo Group, Inc. (NASDAQ:APOL) is down 8.06% in midday trading at $39.72. APOL has traded 6.6 million shares so far today, 3 times its daily average volume. Credit Suisse analyst Kelly Flynn downgraded to stock to neutral from outperform and lowered its price target to $40 from $60. Analysts are questioning the company’s ability to meet earnings targets. The company has a market cap of 5.04 billion.