Nasdaq Stocks Falling Despite Rally: OCZ, MKTX, TNGO, WCRX, SIGM, SVNT

NASDAQ Screen at Times SquareOCZ Technology Group, Inc. (NASDAQ:OCZ) is down 20.43% today at $4.26. OCZ is down on big volume today with over 16.6 million shares traded, more than 5 times its normal volume. OCZ shares are down today after the company cut its revenue forecast. The company has a market cap of 288.87 million.

MarketAxess Holdings Inc. (NASDAQ:MKTX) is down 11.31% today at $30.16. MKTX has traded 592 thousand shares in midday trading, more than double its daily volume. MarketAxess was downgraded to hold from buy at Stifel Nicolaus. The company has a market cap of 1.12 billion.

Tangoe, Inc. (NASDAQ:TNGO) is down 11.76% in midday trading at $15.01. TNGO has traded 7.5 million shares so far today, way above its regular volume of 607 thousand shares. The company has a market cap of 572.09 million.

Warner Chilcott plc (NASDAQ:WCRX) is down 10.01% today at $12.76. WCRX has traded 12.4 million shares so far today, well above its daily average of 3.3 million shares. WCRX shares are tumbling today after reports that major shareholders plan to sell nearly 43 million shares of the stock. The company has a market cap of 3.21 billion.

Sigma Designs, Inc. (NASDAQ:SIGM) is down 7.68% today at $6.25. SIGM has traded 332 thousand shares so far today, well above its daily average of 177 thousand shares. SIGM shares are down todays after BWS Financial downgraded the stock to hold from buy with a $6 price target. The company has a market cap of 204.29 million.

Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) is down 6.11% at $1.2299. SVNT has traded 1.8 million shares so far today and trades 2.5 million shares a day on average. The company has a market cap of 86.48 million.

About Kyle Pinder

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.

Speak Your Mind

*

Real Time Web Analytics