6 NYSE Stocks Tumbling This Morning: CIE, GCI, BAX, RAD, QIHU, INVN

Floor of the New York Stock ExchangeCobalt International Energy, Inc. (NYSE:CIE) is down 10.39% today at $25.43. CIE has traded 4.5 million shares so far today, 1.5 million shares more than its daily average. Cobalt denied any wrongdoing in Angola this morning as shares continue to fall. A recent article from the Financial Times alleges that Angolan officials held hidden Cobalt shares. The company has a market cap of 10.01 billion.

Gannett Co., Inc. (NYSE:GCI) is down 7.58% this morning at $13.88. GCI has traded 4.2 million shares so far today, 200 thousand shares more than its daily average. GCI shares are down today after the company’s earnings fell 25%. The company has a market cap of 3.31 billion.

Baxter International Inc. (NYSE:BAX) is down 6.30% today at $54.38. BAX has traded 6 million shares so far today, more than double its daily average. BAX shares are slipping as the FDA requests more data to complete its review of the company’s drug. The company has a market cap of 30.47 billion.

Rite Aid Corp. (NYSE:RAD) is down 4.52% today at $1.59. RAD has traded 8.7 million shares so far today and trades 10.8 million shares a day on average. RAD shares have dropped $0.15 in the past few days. The company has a market cap of 1.41 billion.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) is down 4.96% today at $20.75. QIHU has traded 677 thousand shares this morning and trades 1.7 million shares a day on average. QIHU shares have fallen more than $2 a share in the past week. The company has a market cap of 2.48 billion.

InvenSense, Inc. (NYSE:INVN) is down 4.82% today at $14.83. INVN has traded 894 thousand shares so far today and trades 1.8 million shares a day on average. The company has a market cap 1.18 billion.

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About Kyle Pinder

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.

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