Midday Volume Leaders: MU, NOK, SPLS, KOG, NWSA, PEIX

Nasdaq stocks

Micron Technology, Inc. (NASDAQ:MU) is down 1.90% in midday trading at $8.71. MU has traded 27.9 million shares so far today and trades 29.4 million shares a day on average. MU are pulling back slightly today after the stock jumped more than $1 a share in the past week. MU shares had been rising after Micron and Intel announced an expanded NAND flash memory joint venture relationship. The company has a market cap of 8.65 billion.

Nokia Corporation (NYSE:NOK) is down 1.68% today at $5.28. NOK has traded 26.8 million shares at midday and trades 30.9 million shares a day on average. Nokia shares have been falling the past three days from around $5.80 to a low today of $5.28. NOK shares were downgraded on Tuesday by Oppenheimer to underperform. The company has a market cap of 19.55 billion.

Staples, Inc. (NASDAQ:SPLS) is down 9.22% in midday trading at $14.53. SPLS is down on heavy volume today with over 26 million shares traded so far today, more than 3 times its average volume. Staples shares fell today after the company said it expects weak demand in Europe. The company has a market cap of 10.21 billion.

Kodiak Oil & Gas Corp. (NYSE:KOG) is down 5.04% today at $9.80. KOG has traded 18.3 million shares so far today, well above its daily average of 6.5 million shares. KOG shares are down after posting a loss in the fourth quarter due to higher costs. The company has a market cap of 2.04 billion.

News Corporation (NASDAQ:NWSA) is up 2.04% in midday trading at $20.22. NWSA trades 15.5 million shares so far today and trades 16.5 million shares a day on average. News Corp. announced today that James Murdoc has stepped down as executive chairman of News International. The company has a market cap of 49.90 billion.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is up 0.82% today at $1.23. PEIX shares were as high as $1.36 earlier today. The stock dipped yesterday after the company missed EPS estimates for the fourth quarter by $0.06. PEIX has traded 9.4 million shares today, 3 million shares more than its daily average. The company has a market cap of 112.65 million.

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About Rachel Brook

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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