NYSE Stocks Losing Ground In Midday Trading: PAY, HL, PVA, WFR, HMY, RENN
VeriFone Systems, Inc. (NYSE:PAY) is down 6.83% at $37.78 in midday trading. PAY has traded 3.7 million shares so far today, well above its daily average of 1.8 million shares. VeriFone announced their fourth quarter earnings yesterday. The company saw revenue jump nearly 49%. The stock is down today though after VeriFone said it expected first quarter profit of $0.50-$0.52 per share. Analysts were expecting $0.53 per share. Verifone has a market cap of 3.99 billion.
Hecla Mining Co. (NYSE:HL) is down 5.41% today at $5.42. HL has traded 6.9 million shares so far today and trades 8.4 million shares a day on average. HL stock fell today after news of an incident at an Idaho mine. All of their workers are safe after a rock burst at the mine. The company has a market cap of 1.51 billion.
Penn Virginia Corporation (NYSE:PVA) is down 7.01% today at $4.51. PVA has traded 850 thousand shares so far today and trades 1.2 million shares a day on average. PVA stock has been trending downward since Monday and is down about $1.50 since then. Penn Virginia has a market cap of 207.52 million.
MEMC Electronic Materials Inc. (NYSE:WFR) is down 4.91% at $3.68 in midday trading. WFR has traded 3.7 million shares so far today and trades 7.9 million shares a day on average. WFR has been trending lower this week, falling from $4.40 last Friday. The company has a market cap of 846.06 million.
Harmony Gold Mining Co. (NYSE:HMY) is down 5.36% today at $11.84. HMY has traded 1.8 million shares so far today and trades 2.5 million shares a day on averarge. HMY stock has fallen nearly $2 a share since last Friday. Harmony Gold has a market cap of 5.11 billion.
Renren Inc. (NYSE:RENN) is down 4.44% at $3.44 in midday trading. RENN has traded 1.2 million shares today and averages 3.7 million shares daily. RENN is down today on news that China’s internet population is starting to stagnate. The company has a market cap of 1.35 billion.
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