NYSE Stocks Heading Lower in Afternoon Trading: TAHO, BCS, HK, KORS, VMW, VRX

Traders at the NYSETahoe Resources Inc. (NYSE:TAHO) is down 19.87% today at $12.66. TAHO has traded 7.3 million shares so far today, way above its daily average of 114 thousand shares. TAHO shares were down big this morning on reports that Guatemala is seeking more control of mining companies. This sent shares down to $8.58. The stock has since recovered though after Tahoe Resources denied these reports. The company has a market cap of 1.82 billion. Sign Up For Free Stock Alerts

Barclays PLC (NYSE:BCS) is down 14.03% today at $10.60. BCS has traded 16.5 million shares so far today, 4 times its daily average volume. Banking stocks have taken a hit today on news that losses from JPMorgan’s bad bet could be billions more than previously believed. British regulators were also expanding their probe on possible rate-fixing to other banks in the U.S. and Europe. The company has a market cap of 32.32 billion.

Halcon Resources (NYSE:HK) is down 8.96% today at $9.65. HK has traded 2.6 million shares so far today, well above its daily average of 816 thousand shares. HK shares have fallen more than $1 a share over the past week. The company has a market cap of 1.40 billion.

Michael Kors Holdings Ltd. (NYSE:KORS) is down 7.20% today at $40.10. KORS has traded 3.4 million shares so far today, 200 thousand shares more than its daily average. KORS shares have fallen $4 a share in the past two days. The company has a market cap of 7.75 billion.

VMware, Inc. (NYSE:VMW) is down 6.60% this afternoon at $82.78. VMW has traded 2.2 million shares so far today, 400 thousand shares more than its daily average. VMW shares have dropped $10 a share over the past week. The company has a market cap of 35.44 billion. Sign Up For Free Stock Alerts

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) is down 5.53% today at $42.69. VRX has traded 2.4 million shares so far today, above its daily average of 1.8 million shares. VRX shares are down nearly $5 a share over the past week. The company has a market cap of 13 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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