The stock market is up from its lows earlier today, but still slightly down. Oil continues to go higher as it nears $102.
Here’s the biggest losers so far today.
ZOOM Technologies, Inc. (NASDAQ:ZOOM) is down 17.93% at $1.41. Zoom is down today after posting poor third quarter results and disappointing guidance. Revenue was at $50.7 million, a 29.7% drop from the same quarter a year ago. The company now expects to see full year revenue of $250 to $255 million, down from previous guidance of $320 million to $340 million. ZOOM has traded 407 thousand shares so far today, more than 5 times its average volume. The company has a current market cap of 22.4 million.
Unilife Corporation (NASDAQ:UNIS) is down 13.66% this today at $4.11. The company priced an 8.25 million share stock offering at $4.35 today. UNIS has traded 1 million shares so far today, 5 times its daily average volume. In the past 5 days, UNIS has fallen from a high of $4.90 to a low of $4.06. The company has a current market cap of 255.72 million.
Abercrombie & Fitch Co. (NYSE:ANF) is down $7.47 at $48.23, a loss of 13.41%. ANF is down today as investors are reacted to the company’s inability to raise prices in this weak economy. The company did see third quarter profits rise slightly at $50.9 million from $50 million a year ago. ANF has traded 14 million shares today, well above its daily average of just 2.9 million shares. The company has current market cap of 4.21 billion.
Chemed Corp. (NYSE:CHE) is down 12% today at $50.59. CHE shares fell today as a whistleblower accuses Chemed of Medicare HMO conspiracy. The whistleblower alleges the company defrauded the federal government by enrolling Medicare patients who were not dying. CHE has traded 1.8 million shares today, 9 times its average. The company has a current market cap of 1.02 billion.
CVR Energy, Inc. (NYSE:CVI) is down 10.8% at $19.58 today. U.S. refinery companies are dipping today after news that the Seaway pipeline will be reversed. This may boost costs of crude and narrow profits from making fuel. CVI has traded 4.2 million shares today, 1.4 million more than its daily average volume. Over the past 5 days, CVI has dipped from $24.50 to less than $20. The company has a current market cap of 1.70 billion.