NASDAQ Stocks Tumbling in Early Trading: MDRX, MXWL, ITMN, SIMO, HMSY, DGII

Nasdaq StocksAllscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) is down 43.32% this morning at $9.08. MDRX has traded 46.5 million shares so far today, well above its daily average of 3 million shares a day. Allscripts stock is falling on weak earnings and outlook. The company also announced the resignation of its CFO, three directors and its board chairman. The company has a market cap of 1.74 billion.

Maxwell Technologies Inc. (NASDAQ:MWXL) is down 41.21% in early trading at $9.28. MWXL has traded 2.6 million shares so far today, well above its daily average of 215 thousand shares a day on average. Maxwell stock was downgraded today by Canaccord Genuity after the stock announced weak quarterly results yesterday. The company has a market cap of 261.26 million.

InterMune Inc. (NASDAQ:ITMN) is down 19.60% this morning at $10.00. ITMN has traded just over 5 million shares so far today, well above its daily average of 1.8 million shares. ITMN shares are dipping today after the company reported earnings yesterday. EPS missed by $0.04 and revenue also came in below estimates. The company has a market cap of 659.55 million.

Silicon Motion Technology Corp. (NASDAQ:SIMO) is down 17.78% in early trading at $17.06. SIMO has traded 2.9 million shares so far today, well above its daily average of 849 thousand shares a day on average. SIMO shares are down today despite the company posting quarterly results late yesterday that beat estimates. The company has a market cap of 542.48 million.

HMS Holdings Corp. (NASDAQ:HMSY) is down 8.22% today at $24.00. HMSY has traded 3.1 million shares this morning and trades 835 thousand shares a day on average. HMS Holding posted a beat for EPS yesterday, but missed on revenue and guidance causing shares to slip. The company has a market cap of 2.06 billion.

Digi International Inc. (NASDAQ:DGII) is down 16.09% this morning at $9.39. DGII has traded just over a million shares so far today, way above its daily average of 89 thousand shares. Digi International was downgraded to neutral from overweight at Piper Jaffray as earnings fell short. The company has a market cap of 241.91 million.

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About MarcS

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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