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.
About Martin Stephenson
