NASDAQ Stocks Trading Lower Today: VELT, GPRC, CLNT, PRKR, TAXI, SPLS

NasdaqVelti Plc (NASDAQ:VELT) is down 19.30% this morning at $6.94. VELT has traded 5.8 million shares so far today, 6 times its daily average volume. VELT shares are down today despite posting a beat for its first quarter and better than expected guidance yesterday. The company has a market cap of 435.05 million.

Guanwei Recycling Corp. (NASDAQ:GPRC) is down 15.39% this morning at $1.0999. GRPC has traded 403 thousand shares so far today, above its daily average of 380 thousand shares. GRPC shares are down $0.60 a share in the past two days. The company has a market cap of 21.76 million.

Cleantech Solutions International, Inc. (NASDAQ:CLNT) is down 19.70% today at $3.16. CLNT has traded 433 thousand shares so far today, way above its daily average of 25 thousand shares. CLNT shares are falling after the company posted weak first quarter results. The company has a market cap of 7.32 million.

Parkervision Inc. (NASDAQ:PRKR) is down 4.17% today at $1.2650. PRKR has traded 325 thousand shares so far today, well above its daily average of 283 thousand shares. ParkerVision reported first quarter results yesterday. The company reported a net loss of $4.1 million compared to a $3.4 million net loss a year ago. The company has a market cap of 85.23 million.

Medallion Financial Corp. (NASDAQ:TAXI) is down 9.24% this morning at $10.35. TAXI has traded 1.2 million shares so far today, way above its daily average of 70 thousand shares. Medallion Financial announced a public offering of 3.5 million shares at $10.72 per share. The company has a market cap of 182.57 million.

Staples, Inc. (NASDAQ:SPLS) is down 5.93% today at $13.88. SPLS has traded 20.06 million shares this morning, more than double its daily average volume. SPLS stock is trading lower as sales in Europe fall. The company has a market cap of 9.61 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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