Nasdaq Stocks Falling in Afternoon Trading: HALO, AVEO, INCY, AXTI, ROSG, IRDM

A list of NASDAQ stocksHalozyme Therapeutics, Inc. (NASDAQ:HALO) is down 50.18% today at $4.26. HALO is down on heavy volume today with 9.3 million shares traded so far. The stock typically trades 759 thousand shares a day. The company’s stock is getting hammered today after the FDA rejected its drug. The company has a market cap of 463.71 million.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) is down 27.22% today at $9.68. AVEO has traded 995 thousand shares so far today, well above its daily average of 421 thousand shares. AVEO shares are down today on news that its application for approval of its drug, tivozanib, may be delayed. The FDA expressed concerns over data in a clinical trial for the drug. The company has a market cap of 420.46 million.

Incyte Corporation (NASDAQ:INCY) is down 19.74% today at $20.00. INCY has traded 7.8 million shares so far today, well above its daily average of 1.5 million shares. INCY shares are down after the company changed the way it recognizes revenue creating uncertainty around its sales forecast. The company has a market cap of 2.56 billion.

AXT Inc. (NASDAQ:AXTI) is down 18.37% today at $2.80. AXTI has traded 1.1 million shares so far today, about 5 times its daily average. AXTI shares are falling after missing quarterly earnings estimates by $0.02 per share, but it did beat on revenue. The company has a market cap of 90.20 million.

Rosetta Genomics, Ltd. (NASDAQ:ROSG) is down 14.49% today at $6.0799. ROSG has traded 866 thousand shares so far today and trades 1.1 million shares a day on average. ROSG shares have fallen more than $3 share over the past week.

Iridium Communications Inc. (NASDAQ:IRDM) is down 16.91% today at $7.52. IRDM has traded 1.5 million shares so far today, 5 times its daily average. Iridium Communications announced earnings earlier today and investors dumped the stock soon after. The company has a market cap of 553.06 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.

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