NASDAQ Stocks Dipping in Early Trading: LEAP, NIHD, TSPT, INFN, CLNT, GPRE

NasdaqLeap Wireless International Inc. (NASDAQ:LEAP) is down 20.75% this morning at $6.11. LEAP has traded 5.6 million shares so far today, well above its daily average 1.4 million shares. Leap Wireless posted a net loss for the most recent quarter of $98.4 million or $1.28 per share. The company has a market cap of 487.02 million.

NII Holdings Inc. (NASDAQ:NIHD) is down 18.18% in early trading at $15.35. NIHD has traded 7.7 million shares so far today, more than double its daily average. NII Holdings announced first quarter profits earlier today and reported net income of $10.9 million, down from $96.8 million a year ago. The company has a market cap of 2.64 billion.

Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT) is down 14.27% this morning at $9.43. TSPT has traded just over a million shares already today, 10 times its average volume. Transcept Pharmaceuticals prices public offering of 4.5 million shares at $9.00 per share. The company has a market cap of 131.78 million.

Infinera Corporation (NASDAQ:INFN) is down 8.56% today at $7.38. INFN has traded 1.5 million shares so far today, well above its daily average 940 thousand shares. Infinera beat EPS estimates, but missed on revenue causing the stock to drop. The company has a market cap of 811.01 million.

Cleantech Solutions International, Inc. (NASDAQ:CLNT) is down 7.30% this morning at $5.21. CLNT has traded 819 thousand shares so far today, way above its daily average of 25 thousand shares. CLNT shares are dipping today after the stock jumped more than $2 a share yesterday. The company has a market cap of 11.79 million.

Green Plains Renewable Energy, Inc. (NASDAQ:GPRE) is down 7.49% in early trading at $8.36. GPRE has traded 766 thousand shares so far today, more than double its daily average. Green Plains Renewable Energy missed EPS estimates by $0.21, but beat on revenue. The company has a market cap of 274.24 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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