NYSE Stocks Dipping in Morning Trading: STM, SAH, LDK, EGO, STP, IVN

Floor of the New York Stock ExchangeSTMicroelectronics NV (NYSE:STM) is down 14% this morning at $5.66. STM has traded 7.4 million shares so far today, well above its daily average of 2 million shares a day. STM shares have dropped $1.20 a share over the past five days. The company has a market cap of 4.99 billion.

Sonic Automotive Inc. (NYSE:SAH) is down 8.32% in early trading at $16.44. SAH has traded 1.3 million shares so far today, double its daily average. SAH shares are slipping today after first quarter earnings miss estimates. Sonic Automotive reaffirmed 2012 guidance of $1.55 to $1.65 a share. The company has a market cap of 859.30 million.

LDK Solar Co., Ltd. (NYSE:LDK) is down 7.54% today at $3.01. LDK has traded 729 thousand shares in early trading and trades 1.7 million shares a day on average. LDK shares have dropped $0.40 a share since last Thursday. The company has a market cap of 394.31 million.

Eldorado Gold Corp. (NYSE:EGO) is down 5.95% today at $13.13. EGO has traded 3.1 million shares so far today and trades just over 4 million shares a day on average. EGO shares have dropped more than $1.50 a share in the past week. The company has a market cap of 7.26 billion.

Suntech Power Holdings Co. Ltd. (NYSE:STP) is down 6.90% today at $2.43. STP has traded 1.2 million shares so far today and trades 3.3 million shares a day on average. STP shares have fallen $0.50 a share in the past week. The company has a market cap of 442.68 million.

Ivanhoe Mines Ltd. (NYSE:IVN) is down 6.03% this morning at $12.01. IVN has traded 2.4 million shares so far today and trades 3.4 million shares a day on average. IVN shares have dipped $1.50 a share from its high of $13.50 last Wednesday. The company has a market cap of 8.89 billion.

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About Rachel Brook

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.

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