Nasdaq Stocks Struggling This Morning: ARQL, JASO, SCHN, FSLR, SZYM, GRVY

ArQule Inc. (NASDAQ:ARQL) is down 22.26% this morning at $5.2085. ARQL has traded 2.5 million shares so far today, well above its daily average of 382 thousand shares. ARQL shares are down today on lung cancer drug safety concerns. The company has a market cap of 323.85 million.

JA Solar Holdings Co., Ltd. (NASDAQ:JASO) is down 9.40% today at $0.9694. JASO has traded 2.3 million shares so far today, nearly a million more than its daily average volume. JASO shares are tumbling today after a weak second quarter and lower guidance. The company has a market cap of 188.45 million.

Schnitzer Steel Industries Inc. (NASDAQ:SCHN) is down 5.94% this morning at $27.25. SCHN has traded 293 thousand shares so far today and trades 513 thousand shares a day on average. Schnitzer Steel announced on Tuesday it will lay off 300 workers and the company was downgraded to sell from underperform by CLSA. The company has a market cap of 753.25 million.

First Solar, Inc. (NASDAQ:FSLR) is down 5.18% today at $24.37. FSLR has traded 4.1 million shares so far today and trades 6.4 million shares a day on average. FSLR shares are down today after Pacific Crest lowered their estimates due to weak reports from Yingli Green Energy and JA Solar. The company has a market cap of 2.13 billion.

Solazyme, Inc. (NASDAQ:SZYM) is down 5.29% today at $12.20. SZYM has traded 204 thousand shares so far today and trades about 460 thousand shares a day on average. The company has a market cap of 737.16 million.

Gravity Co., Ltd. (NASDAQ:GRVY) is down 15.20% today at $1.45. GRVY has traded 185 thousand shares this morning, 4 times its daily average volume. GRVY shares are falling today after reporting their second quarter results this morning. The company has a market cap of 40.58 million.