6 NASDAQ Stocks Heading South Today: OREX, COSI, XRTX, FFN, TSTC, MAPP

A list of NASDAQ stocksOrexigen Therapeutics, Inc. (NASDAQ:OREX) is down 8.59% this morning at $4.15. OREX has traded 2.3 million shares so far today, well above its daily average of 1.6 million shares. An FDA spokesman said companies working on weight-loss treatments are unlikely to be affected by an advisory panel’s recommendation for heart risk studies. The company has a market cap of 272.32 million.

Cosi Inc. (NASDAQ:COSI) is down 6.97% today at $1.0699. COSI has traded 288 thousand shares already this morning, already above its daily average of 276 thousand shares. COSI shares are down $0.20 a share in the past three days. The company has a market cap of 54.22 million.

Xyratex Ltd. (NASDAQ:XRTX) is down 11.34% in early trading at $15.80. XRTX has traded 681 thousand shares so far today, 3 times its daily average. XRTX shares were downgraded by Needham today from buy to hold. The company has a market cap of 433.90 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is down 13.41% this morning at $1.42. FFN has traded 580 thousand shares so far today and trades 780 thousand shares a day on average. FFN shares are down close to $0.40 a share in the past three days. The company has a market cap of 43.08 million.

Telestone Technologies Corp. (NASDAQ:TSTC) is down 6.24% today at $3.2493. TSTC has traded 140 thousand shares today, double its average daily volume. Telestone announced fourth quarter results earlier this morning. Revenue fell to $40.6 million in the fourth quarter compared to $60.8 million the year before. The company has a market cap of 40.08 million.

MAP Pharmaceuticals, Inc. (NASDAQ:MAPP) is down 4.72% in early trading at $14.53. MAPP has traded 451 thousand shares so far today and trades 504 thousand shares a day on average. MAPP shares continue to fall today after the company reported a larger than expected loss yesterday. MAP Pharmaceuticals reported a $13.8 million or $0.45 per share loss in the fourth quarter. The company has a market cap of 439.22 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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