Biggest Losers In Early Trading: DMND, ROSE, PZZI, CMED, WFR

The stock market is taking a hit this morning as uncertainty on the euro debt crisis grows. The Dow, Nasdaq and the S&P are all down more than 1% this morning with the Nasdaq seeing the biggest percentage loss of 1.81%.

Here’s the biggest losers in early trading so far today.

Diamond Foods, Inc. (NASDAQ:DMND) is down 22.81% this morning at $31.31. DMND has traded 5.8 million shares this morning, well above its daily average 1.7 million shares. Diamond Foods is down today after the company announced it will delay filing its first-quarter results due to an ongoing investigation by its audit committee into the accounting for its walnut payments. The company has a market cap of 698.73 million.

Rosetta Resources, Inc. (NASDAQ:ROSE) is down 9.17% this morning at $45.92. ROSE has traded 833 thousand shares so far today and trades about 1 million shares a day on average. Rosetta is down today after disappointing well results. Rosetta Resources has a market cap of 2.39 billion.

Pizza Inn Holdings, Inc. (NASDAQ:PZZI) is down 8.11% this morning at $5.85. PZZI has traded 312 thousand shares today, more than double its daily average. PZZI has dropped more than $1 over the past 4 trading sessions. The company has a market cap of 47.26 million.

China Medical Technologies Inc. (NASDAQ:CMED) is down 6.40% at $2.78 so far today. CMED has traded 322 thousand shares this morning and trades 549 thousand shares a day on average. This is the third straight day CMED is in the red and has lost $0.50 over that span. China Medical has a market cap of 72.86 million.

MEMC Electronic Materials Inc. (NYSE:WFR) is down 9.05% at $4.02. WFR has traded 3 million shares so far today and trades 7.6 million shares a day on average. The company has a market cap of 926.47 million.

written by

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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