NASDAQ Stocks Following the Market Lower: DARA, CKSW, ITMN, MITK, KERX, VRML

NASDAQ Screen at Times SquareDARA BioSciences, Inc. (NASDAQ:DARA) is down 25.35% today at $1.0450. DARA has traded 576 thousand shares this morning, 7 times its average volume. DARA shares are slipping today after the company announced it plans to raise $10.1 million in a public offering. The company has a market cap of 7.40 million.

ClickSoftware Technologies Ltd. (NASDAQ:CKSW) is down 14.21% this morning at 10.75. CKSW has traded 716 thousand shares so far today, well above its daily average of 134 thousand shares. CKSW shares are down today after the company issued first quarter guidance. ClickSoftware expects revenue to be $21.6 million, lower than estimates of $23.35 million. The company has a market cap of 337.83.

InterMune Inc. (NASDAQ:ITMN) is down 12.37% today at $13.39. ITMN has traded 2.8 million shares so far today, 1 million shares more than its daily average. ITMN shares are plummeting today after a series of downgrades on the stock. Leerink lowered its price target of InterMune to $27 from $37 and RBC Capital downgraded the stock to sector perform from outperform. The company has a market cap of 878.7 million.

Mitek Systems Inc. (NASDAQ:MITK) is down 9.66% this morning at $6.6401. MITK has traded 1.3 million shares this morning, well above its daily average of 830 thousand shares. MITK shares were downgraded to market perform from market outperform by JMP Securities this morning. The company has a market cap of 163.88 million.

Keryx Biopharmaceuticals Inc. (NASDAQ:KERX) is down 6.93% today at $1.4705. KERX has traded 1.7 million shares so far today and trades 3.2 million shares a day on average. Over the past week KERX stock has been as high as $1.80s and as low as $1.30. The company has a market cap of 103.34 million.

Vermillion, Inc. (NASDAQ:VRML) is down 7.30% this morning at $1.7799. VRML has traded 263 thousand shares in early trading and trades 630 thousand shares a day on average. VRML shares traded mostly flat last week between $1.90 and $2 before falling today. The company has a market cap of 26.37 million.

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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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