Biggest Losers in Midday Trading: PERY, YOKU, SLM, JEF, DAN

Perry Ellis International Inc. (NASDAQ:PERY) is down $7.40 at $14.04, a loss of 34.51%. Perry Ellis announced third quarter results today and profits missed Wall Street expectations. The company is expecting a full-year profit of $2.00 per share, analysts were expecting $2.51. PERY has traded 1.2 million shares so far today, 10 time its daily average. The company has a current market cap of 216.94 million.

Youku.com Inc. (NYSE:YOKU) is down 18.73% at $16.70. YOKU is down today after the company reported a steeper third quarter loss than expected. The stock has traded 3.7 million shares so far today, 400 thousand more than its daily average. YOKU was also downgraded to sell by Maxim with a price target of $16. The company has a current market cap of 1.92 billion.

SLM Corporation (NYSE:SLM) is down 5.64% at $12.88. SLM has traded 4.9 million shares so far today and should easily pass its daily average volume of 6.4 million shares. SLM is down today after consumer regulators are looking into the private student lending industry. SLM Corp has a current market cap of 6.47 billion.

Jefferies Group, Inc. (NYSE:JEF) is down 4.8% at $9.82 so far today. JEF has traded 6.1 million shares in midday trading, 1.5 million shares more than its daily average. JEF has been in a steady sell off the past two weeks as investors had concerns over their debt holdings after what happened to MF Global. The company’s CEO, Richard Handler, believes the turmoil around the company’s shares will start to ease as the fallout from MF Global lessens. The company has a current market cap of 2.16 billion.

Dana Holding Corporation (NYSE:DAN) is down 3.53% at $12.86 today. DAN is down about $2 in the past five days as it dropped from a high of $14.20 on Monday. DAN has traded 3.8 million shares so far today, 500 thousand more than its daily average. The company has a current market cap of 1.88 billion.

written by

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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