Biggest Losers in Today’s Rally: RIMM, BIG, UVV, GTE, CSIQ, EK

Despite the market rally earlier today, there are some stocks getting hit pretty hard today by investors. These stocks include Research In Motion (NASDAQ:RIMM), Big Lots Inc. (NYSE:BIG), Universal Corp. (NYSE:UVV), Gran Tierra Energy Inc. (AMEX:GTE), Canadian Solar Inc. (NASDAQ:CSIQ) and Eastman Kodak Co. (NYSE:EK).

Research In Motion (NASDAQ:RIMM) is down 8.67% today at $16.97. RIMM is falling after the company announced it won’t meet financial targets after a huge write down on its PlayBook tablet. The total write down is $360 million. RIMM has traded 44 million shares so far today following this news, more than double its daily average volume.

Big Lots Inc. (NYSE:BIG) is down 8.41% at $36.36 with about 2 hours left in the trading day. BIG has traded 4.2 million shares so far today, well above its daily average of 1.3 million shares. Big Lots fell today after its third quarter income fell 76% due to a loss related to its newly acquired Canadian operations and the slow down in the U.S. The company did however raise its full year outlook. The company has a current market cap of 2.39 billion.

Universal Corp. (NYSE:UVV) is down 8.66% at $41.67 today. UVV has traded 947 thousand shares so far today, more than 4 times its daily average. UVV started selling off around midday yesterday. The company has a current market cap of 976.59 million.

Gran Tierra Energy, Inc. (AMEX:GTE) is down 6.42% today at $5.83. GTE has traded 1.3 million shares so far today, more than double its daily average volume. The company gave an update on drilling programs in South America earlier today, but it looks like investors didn’t like what they heard. Gran Tierra has a current market cap of 1.61 billion.

Canadian Solar Inc. (NASDAQ:CSIQ) is down 9.62% today at $2.82. CSIQ has traded 838 thousand shares so far today and is on track to trade its normal volume of 1.1 million shares. CSIQ is dipping today after running up all week long from $2.40 to $3.20. The company has a current market cap of 121.48 million.

Eastman Kodak Co. (NYSE:EK) is down 3.30% today at $1.0250. EK has traded 4.7 million shares so far today and trades 12.4 million shares a day on average. Eastman Kodak has a current market cap of 276.70 million.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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