NASDAQ Stocks Slipping In Early Trading: FLML, VRA, YONG, GALE, KITD, PSUN

NASDAQ Screen at Times Square

Flamel Technologies S.A. (NASDAQ:FLML) is trading down 18.12% today at $6.28. FLML has traded 512 thousand shares so far today, well above its daily average of 157 thousand shares. Flamel Technologies announced acquistion of Eclat Pharmaceuticals late yesterday. The company has a market cap of 153.66 million.

Vera Bradley, Inc. (NASDAQ:VRA) is down 9.32% this morning at $33.68. VRA has traded 2.7 million shares so far today, more than 4 times its average volume. Vera Bradley announced fourth quarter earnings increased 41% thanks to surging sales. Shares of the company are down though due to a cautious forecast. The company has a market cap of 1.36 billion.

Yongye International, Inc. (NASDAQ:YONG) is down 8.80% today at $3.5295. YONG is trading heavy volume today with 1.2 million shares traded, well above its daily average of 289 thousand shares. Yongye announced fourth quarter earnings today with a net loss of $2.2 million or $0.05 per share. The company has a market cap of 180.42 million.

Galena Biopharma, Inc. (NASDAQ:GALE) is down 4.55% in early trading today at $1.4699. GALE has traded nearly 800 thousand shares so far today and trades over a million shares a day on average. GALE shares had been recently trading above $1.60 before falling over the past two days. The company has a market cap of 62.40 million.

KIT Digital, Inc. (NASDAQ:KITD) is down 7.95% today at $8.52. KITD has traded 2.6 million shares so far today, close to 4 times its average volume. KITD shares are dropping today on its fourth quarter results. The company does not expect positive free cash flow in the first quarter. The company has a market cap of 405.25 million.

Pacific Sunwear of California, Inc. (NASDAQ:PSUN) is down 5.39% today at $1.93. PSUN has traded 688 thousand shares this morning, 100 thousand shares more than its daily average. This is the second straight day of losses for PSUN after posting a loss in its latest quarter earnings on March 14. The company has a market cap of 130.08 billion.

Sign Up For Our Monthly Newsletter
We keep you in the know of the hottest investment products hitting the market.
About Martin Stephenson

An avid market watcher, Martin enjoys the tech arena the most with the Nasdaq being his main area of focus. A finance major, Martin is working to the goal of one day ringing the bell at the NYSE.

Speak Your Mind

*

Real Time Web Analytics