.98. PNSN has traded nearly 800 thousand shares so far today, way above its daily average of 118 thousand shares." />

NASDAQ Stocks Trading Lower Despite Market Rally: PNSN, HOGS, OXGN, BMTI, SNSS, TUDO

Nasdaq

Penson Worldwide, Inc. (NASDAQ:PNSN) is down 22.83% this morning at $0.98. PNSN has traded nearly 800 thousand shares so far today, way above its daily average of 118 thousand shares. PNSN shares are taking a big hit today after their quarterly loss widens to $6.68 per share on revenue of $42.7 million. Penson also announced a majority of its debt holders have agreed to a restructuring agreement. The company has a market cap of 27.26 million.

Zhongpin Inc. (NASDAQ:HOGS) is down 14.92% this morning at $8.94. HOGS has traded 1.4 million shares so far today, 7 times its average volume. Zhongpin forecast 2012 EPS of $1.36 to $1.92, missing analysts estimates of $2.30. The company has a market cap of 338.73 million.

OXiGENE, Inc. (NASDAQ:OXGN) is down 6.36% today at $1.03. OXGN is down on above average volume this morning with 525 thousand shares traded. OXiGENE announced full year 2011 financial results yesterday afternoon. For the year, OXiGENE had a net loss of $9.7 million or $0.86 per share, better than the year prior which had a net loss of $23.8 million or $5.96 per share. The company has a market cap of 20.52 million.

BioMimetic Therapeutics, Inc. (NASDAQ:BMTI) is down 5.50% this morning at $2.06. BMTI has traded 267 thousand shares so far today and trades 274 thousand shares on average. BMTI shares are down today after the company posted a $9.9 million loss in the fourth quarter. BioMimetic posted a loss of $0.35 per share, analysts were expecting a loss of just $0.26 per share. The company has a market cap of 57.80 million.

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) is down 8.33% today at $2.4110. SNSS has traded 585 thousand this morning, more than double its daily volume. SNSS shares fell today despite posting fourth quarter EPS in-line with analysts estimates. Sunesis reported a loss of $0.19 per share. The company has a market cap of 113.51 million.

Tudou Holdings Limited (NASDAQ:TUDO) is down 7.69% in early trading at $39.24. TUDO has traded 531 thousand with more than half the trading day left. TUDO trades about 200 thousand shares a day on average. TUDO shares are pulling back some today after jumping more than 100% over the past couple of days. On March 12, Youku announced it will buy Tudou for $1 billion. The company has a market cap of 1.14 billion.

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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.

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