Nasdaq Stocks Heading Down Today: ENG, WAVX, RAVN, GTAT, STSI, OREX

ENGlobal Corp. (NASDAQ:ENG) is down 28.18% today at $0.79. ENG has traded 908 thousand shares so far today, way above its daily average of 58 thousand shares. ENG was downgraded to hold from Buy at KeyBanc earlier today following the company’s latest earnings report. The company has a market cap of 21.16 million.

Wave Systems Corp. (NASDAQ:WAVX) is down 12.96% today at $0.97. WAVX has traded nearly 700 thousand shares this afternoon, well above its daily average of 548 thousand shares. WAVX shares are pulling back today after the stock jumped nearly 100% over the past week. The company has a market cap of 126.02 million.

Raven Industries Inc. (NASDAQ:RAVN) is down 8.81% this afternoon at $29.28. RAVN has traded 444 thousands hares so far today, 4 times its normal trading volume. Raven Industries reported second quarter results before market open today. The company has a market cap of 1.07 billion.

GT Advanced Technologies Inc. (NASDAQ:GTAT) is down 7.08% today at $6.17. GTAT has traded 2.8 million shares so far today, well above its daily average of 2.3 million shares. The company has a market cap of 733.18 million.

Star Scientific, Inc. (NASDAQ:STSI) is down 6.60% today at $4.09. STSI has traded 1.8 million shares so far today, 200 thousand shares more than its daily average. The company has a market cap of 598.41 million.

Orexigen Therapeutics, Inc. (NASDAQ:OREX) is down 6.45% this afternoon at $3.77. OREX has traded 2.07 million shares today and trades 3.9 million shares a day on average. The company has a market cap of 267.67 million.