Nasdaq Stocks Sinking Lower This Morning: APPY, FSII, LQDT, APKT, ADBE, RIMM

NasdaqAspenBio Pharma, Inc. (NASDAQ:APPY) is down 36.23% today at $1.99. APPY has traded 356 thousand shares this morning, 10 times its average volume. APPY shares are falling today after announcing a 6.1 million share offering at $2.00. The company has a market cap of 19.12 million. Sign Up For Free Stock Alerts

FSI International Inc. (NASDAQ:FSII) is down 18.25% today at $3.63. FSII has traded 1.3 million shares so far today, more than double its average volume. FSII shares are tumbling after the company’s fourth quarter forecast came in below Wall Street views. The company has a market cap of 143.03 million.

Liquidity Services, Inc. (NASDAQ:LQDT) is down 8.56% this morning at $52.55. LQDT has traded 1.8 million shares so far today, triple its daily average. LQDT shares have dropped nearly $8 a share over the past two days. The company has a market cap of 1.58 billion.

Acme Packet, Inc. (NASDAQ:APKT) is down 7.37% today at $20.30. APKT has traded 1.1 million shares so far today and trades 1.9 million shares a day on average. APKT shares are down as Jefferies downgraded the stock and cut its price target. The company has a market cap of 1.39 billion.

Adobe Systems Inc. (NASDAQ:ADBE) is down 4% this morning at $31.56. ADBE has traded 8.9 million shares so far today, more than double its average volume. Adobe shares are taking a hit due to a weak outlook for the current quarter. The company has a market cap of 15.52 billion. Sign Up For Free Stock Alerts

Research In Motion Limited (NASDAQ:RIMM) is down 3.63% today at $10.36. RIMM has traded 5.7 million shares so far today and trades 19.6 million shares. There have been reports that RIMM has started laying off employees. The company has a market cap of 5.31 billion.

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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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