Tempur Pedic International Inc. (NYSE:TPX) is down 22.08% today at $65.36. TPX has traded 9.7 million shares this morning, well above its daily average of 1.5 million shares. TPX shares are down after the company announced guidance that fell short of expectations. The company has a market cap of 4.21 billion.
Patriot Coal Corporation (NYSE:PCX) is down 6.39% this morning at $6.31. PCX has traded 6.7 million shares so far today and trades 7.4 million shares a day on average. Patriot Coal announced to it will cut coal production due to reduction in demand. The company has a market cap of 570.97 million.
Freescale Semiconductor Holdings, Inc. (NYSE:FSL) is down 6.16% in early trading at $13.40. FSL has traded 2.6 million shares so far today, 4 times its average volume. Freescale narrowed its first quarter loss and the CEO of company announced plans to retire once Freescale finds a successor. The company has a market cap of 3.33 billion.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is down 4.57% today at $27.55. RCL has traded 4.2 million shares so far today, 1 million shares more than its daily average. Royal Caribbean Cruises posted a lower profit and cut its forecast in its recent quarterly report. The company has a market cap of 6.01 billion.
Alpha Natural Resources, Inc. (NYSE:ANR) is down 2.72% this morning at $16.36. ANR has traded 8.7 million shares so far today and averages 12.7 million shares a day. The company has a market cap of 3.55 billion.
Meritor, Inc. (NYSE:MTOR) is down nearly 4% today at $6.57. MTOR has traded 1.5 million shares this morning and trades 1.6 million shares a day on average. MTOR shares were downgraded to market perform from outperform at Avondale this morning. The company has a market cap of 626.39 million.
About Martin Stephenson
