6 NASDAQ Stocks Heading Lower: TSYS, HOLX, SOHU, RCII, FMCN, ABFS

Nasdaq StocksTeleCommunications Systems Inc. (NASDAQ:TSYS) is down 8.06% this morning at $1.94. TSYS has traded 428 thousand shares so far today, well above its daily average of 377 thousand shares. TSYS shares are continuing lower today and is down 23.49% in the past five days. TeleCommunications Systems reported a $0.01 loss in the first quarter. TSYS was also downgraded today to underperform at RBC Capital. The company has a market cap of 110.79 million.

Hologic Inc. (NASDAQ:HOLX) is down 9.37% today at $19.25. HOLX has traded 12.8 million shares so far today, well above its daily average of 1.9 million shares. Hologic announced today it will buy Gen-Probe for $3.72 billion. Hologic also missed second quarter sales estimates. The company has a market cap of 5.06 billion.

Sohu.com Inc. (NASDAQ:SOHU) is down 7.48% today at $51.60. SOHU has traded 1.4 million shares so far today and trades 1.4 million shares a day on average. Sohu first quarter results beat estimates today, but its forecast came in light causing shares to fall. The company has a market cap of 1.96 billion.

Rent-A-Center Inc. (NASDAQ:RCII) is down 5.34% this morning at $33.35. RCII has traded 1.6 million shares so far today, well above its daily average of 731 thousand shares. Rent-A-Center shares are down more than 12% over the past week. The company has a market cap of 1.97 billion.

Focus Media Holdings Ltd. (NASDAQ:FMCN) is down 5.17% today at $24.02. FMCN has traded 1.1 million shares so far today and trades 2.09 million shares a day on average. FMCN shares were rallying over the past four days before falling today. The company has a market cap of 3.18 billion.

Arkansas Best Corporation (NASDAQ:ABFS) is down 5.84% this morning at $15.31. ABFS has traded 352 thousand shares so far today, well above its daily average of 305 thousand shares a day on average. ABFS was downgraded to underperform from market perform at Wells Fargo today. RW Baird also lowered their price target for the stock from $22 to $19. The company has a market cap of 389.87 million.

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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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