Midday Movers As Market Close To Being Negative: CSIQ, GENE, MLNX, MNTA, MWW, LOGI

Stocks have given up much of their early gains from this morning after an unexpected decline in new home sales. The market is turning sharply lower thanks to the Feds decision to hold interest rates near zero for the next two years and better than expected earnings from companies. Right now the Dow is up just 5 points, the Nasdaq is down 9 points and the S&P 500 is down 5 points.

Canadian Solar Inc. (NASDAQ:CSIQ) is up 11.64% in midday trading at $3.55. CSIQ shares are bouncing today after a module deal with Abu Dhabi Firm. CSIQ has traded 1.5 million shares so far today, 50% more than its daily average. The company has a market cap of 154.49 million. Check out one of the best swing traders on the street.

Genetic Technologies Ltd. (NASDAQ:GENE) is up 8.56% today at $4.68. GENE has traded 461 thousand shares today, way above its daily average of 43 thousand shares. Over the past two days GENE has seen a huge increase in volume and price. In the past two days the stock has jumped $1.40 a share. The company has a market cap of 63.63 million.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) is up 15.47% today at $35.98. MLNX has traded 1.3 million shares so far today, more than five times its daily average. MLNX shares are up today after the company reported earnings yesterday. Mellanox beat estimates on revenue with $72.7 million and earnings per share with $0.31. The company has a market cap of 1.41 billion.

Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) is down 20.36% today at $15.22. MNTA has traded 6 million shares at midday, more than six times its daily average. MNTA shares dropped today after Amphastar wins stay in Lovenox case. The company has a market cap of 763.25 million. Check out one of the best swing traders on the street.

Monster Worldwide, Inc. (NYSE:MWW) is down 20.49% in midday trading at $7.13. MWW has traded 6.6 million shares so far today, well above its daily average of 3.4 million shares a day on average. MWW shares are down after reporting fourth quarter earnings. Monster missed EPS by $0.01, missed revenue and announced it will be cutting 400 jobs. The company has a market cap of 899.63 million.

Logitech International (NASDAQ:LOGI) is down 12.47% today at $7.16. LOGI shares are dipping today after missing on its fiscal third quarter results by $0.03. It also missed on revenue and lowered fiscal year 2012 revenue guidance. LOGI has traded 1.1 million shares so far today, double its daily average. The company has a market cap of 1.24 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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