Halozyme 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.
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.