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.