6 Nasdaq Stocks Heading Lower This Morning: VDSI, GLUU, SYNC, ATHX, SNSS, HA

VASCO Data Security International Inc. (NASDAQ:VDSI) is down 20.47% today at $7.11. VDSI has traded 411 thousand shares so far today, well above its daily average of 162 thousand shares. VDSI shares are down today after cutting guidance due to lower than expected orders for the third quarter. The company has a market cap of 267.21 million.

Glu Mobile, Inc. (NASDAQ:GLUU) is down 17.44% today at $3.35. GLUU has traded 12.4 million shares so far today, 6 times its daily average. Glu Mobile announced yesterday a strategic partnership with Probability plc, a mobile gaming company in the UK, for developing mobile gambling. The company has a market cap of 214.36 million.

Synacor, Inc. (NASDAQ:SYNC) is down 7.87% today at $6.91. SYNC has traded 1.1 million shares so far today, well above its daily average of 868 thousand shares. SYNC shares dipped to as low as $6.33 this morning before recovering some. SYNC shares have dropped nearly 60% over the past 3 months. The company has a market cap of 187.93 million.

Athersys, Inc. (NASDAQ:ATHX) is down 9.84% today at $1.19. ATHX has traded 592 thousand shares so far today, well above its daily average of 145 thousand shares. ATHX shares have dipped 20% over the past month. On October 5, Maxim Group reiterated their buy rating for the company and gave it a price target of $6. The company has a market cap of 35.13 million.

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) is down 12.46% today at $5.55. SNSS has traded 1.3 million shares so far today, well above its daily average of 834 thousand shares. SNSS shares are have dropped about $1.30 a share from its high of $6.80 on Friday. The company has a market cap of 264.72 million.

Hawaiian Holdings Inc. (NASDAQ:HA) is down 5.61% today at $5.38. HA has traded 1.05 million shares so far today, well above its daily average of 640 thousand shares. HA shares are trading lower today after the company cut third quarter guidance. The company has a market cap of 277.10 million.

About Rachel Brook

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.

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