NASDAQ Stocks Deep in the Red Today: CRDS, FFN, FB, GSVC, GALE, FONR

Nasdaq StocksCrossroads Systems, Inc. (NASDAQ:CRDS) is down 19.37% today at $3.990. CRDS has tarded 207 thousand shares this morning, way above its daily average of 21 thousand shares. No news is accompanying CRDS’s drop today. The company has a market cap of 42.55 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is down 16.01% this morning at $1.2010. FFN has traded 1.3 million shares so far today, well above its daily average of 829 thousand shares. FFN shares are down over $0.80 since Friday as Facebook’s poor showing has affected the entire social media sector. The company has a market cap of 38.06 million. Sign Up For Free Alerts

Facebook, Inc. (NASDAQ:FB) is down 11.62% today at $33.78. In what can only be described a massive disappointment, Facebook shares hit a low of $33 this morning. One problem that plagued trading of Facebook on Friday was that traders didn’t receive trade confirmations for hours after making their initial trades. The problem was so severe that the Nasdaq is revising the way it does future IPOs. Investors have become wary about Facebook’s growth and the fact advertisers often don’t know the best way to use Facebook. The company has a market cap of 93.63 billion.

GSV Capital Corp. (NASDAQ:GSVC) is down 7.73% this morning at $12.12. GSVC has traded 1.7 million shares so far today, well above its daily average of 830 thousand shares. GSVC shares have dropped $4 a share since Friday. The company has a market cap of 254.06 million.

Galena Biopharma, Inc. (NASDAQ:GALE) is down 6.09% this morning at $1.3993. GALE has traded 644 thousand shares so far today and trades 3.3 million shares a day on average. GALE are seeing a pull back today after the stock rallied $0.50 a share last week. The company has a market cap of 65.52 million. Get Free Stock Alerts

Fonar Corp. (NASDAQ:FONR) is down 11.69% today at $3.55. FONR has traded 167 thousand shares so far today and trades 381 thousand shares a day on average. FONR shares are down 50% since late April. The company has a market cap of 1.39 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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