Nasdaq Stocks Sliding in Midday Trading: SREV, DRIV, RPXC, TRLG, CECO, ARRY

NasdaqServiceSource International, Inc. (NASDAQ:SREV) is down 28.10% today at $8.11. SREV has traded 5.2 million shares so far today, well above its daily average of 910 thousand shares. SREV shares are sinking today as third quarter guidance comes in below expectations. The company has a market cap of 616.22 million.

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Digital River Inc. (NASDAQ:DRIV) is down 25.97% today at $13.17. DRIV has traded 3.1 million shares so far today, nearly 8 times its average volume. DRIV shares are tumbling down today on a weak outlook. The company has a market cap of 443.29 million.

RPX Corporation (NASDAQ:RPXC) is down 19.76% today at $10.07. RPXC has traded 1.6 million shares so far today, well above its daily average of 215 thousand shares. RPXC shares are falling as guidance for the next quarter came in below Wall Street estimates. The company has a market cap of 501.36 million.

True Religion Apparel Inc. (NASDAQ:TRLG) is down 16.35% today at $21.97. TRLG has traded 2.1 million shares so far today, well above its daily average of 406 thousand shares. True Religion missed beat estimates on EPS, but missed on revenue. The company has a market cap of 560.22 million.

Career Education Corp. (NASDAQ:CECO) is down 14.23% in midday trading at $4.04. CECO has traded 2.01 million shares so far today, well above its daily average of 1.2 million shares. CECO shares are sliding after reporting a second quarter loss of $100 million. The company has a market cap of 264.23 million.

Array BioPharma, Inc. (NASDAQ:ARRY) is down 17.70% today at $4.23. ARRY has traded 2.1 million shares so far today, well above its daily average of 1.02 million shares. ARRY shares are down due to side effects of its pain drug. The company has a market cap of 383.73 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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