Biggest Losers In Early Trading: JAKK, TSRX, EGO, RGC, RENN, P

Stocks are turning negative in late morning trading as investors continue to worry about Europe. The stock market was in the green just a half hour, but has since dropped as financials are getting hit hard. As of 11:18 am EST the Dow is down 37 points, the Nasdaq is down 9 points and the S&P is down 5 points. Let’s take a look at which stocks are getting hit hardest today.

Jakks Pacific, Inc. (NASDAQ:JAKK) is down 21.44% at $13.63 this morning. JAKK has traded 975 thousand shares so far today, well above its daily average of 271 thousand shares. JAKK is down today after the company cut its full-year outlook on Friday citing disappointing holiday sales. Jakks Pacific has a market cap of 355.09 million.

Trius Therapeutics, Inc. (NASDAQ:TSRX) is down 9.22% today at $6.20. TSRX has traded 197 thousand shares so far today, more than double its daily average. Trius reported positive results from first phase 3 trial of Tedizolid in acute bacterial skin and skin structure infections. The company has a market cap of 178.75 million.

Eldorado Gold Corp. (NYSE:EGO) is down 10.35% this morning at $13.43. EGO has traded 4.8 million shares so far today, well above its daily average of 3.5 million shares. Eldorado announced today they will buy European Goldfields for $2.4 billion. The company has a market cap of 7.36 billion.

Regal Entertainment Group (NYSE:RGC) is down 6.56% this morning at $12.40. RGC has traded 2.1 million shares so far today and averages 1.8 million shares daily. The company has a market cap of 1.92 billion.

Renren Inc. (NYSE:RENN) is down 5.51% today at $3.26. RENN has traded 1.1 million shares a day and averages 3.7 million shares daily. Renren has a market cap of 1.27 billion.

Pandora Media, Inc. (NYSE:P) is down 5.12% today at $10.01. P has traded 794 thousand shares so far today and trades 934 thousand shares a day on average. Pandora has dropped about $0.80 a share over the past five trading sessions. The company has a market cap of 1.62 billion.

written by

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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