NYSE Stocks Trading Lower Today: LTM, BAS, FHN, TNP, S, EMC

Floor of the New York Stock ExchangeLife Time Fitness Inc. (NYSE:LTM) is down 11.26% this morning at $43.76. LTM has traded 1.5 million shares in early trading and trades 362 thousand shares so far today. LTM shares are falling today after giving a poor outlook. The company has a market cap of 1.76 billion.

Basic Energy Services, Inc. (NYSE:BAS) is down 9.33% today at $14.19. BAS has traded 2.7 million shares so far today, more than double its daily average 1.4 million shares. Basic Energy Services earnings missed EPS estimates by $0.08, but beat on revenue. The company has a market cap of 568.55 million.

First Horizon National Corporation (NYSE:FHN) is down 7.33% today at $9.23. FHN is trading heavy volume today with 13.7 million shares traded already. FHN shares are sinking after the company sees a drop in quarterly profit. The company has a market cap of 2.35 billion.

Tsakos Energy Navigation Ltd. (NYSE:TNP) is down 6.54% this morning at $6.29. TNP has traded 4.3 million shares so far today, way above its daily average of 191 thousand shares. Tsakos Energy announced a public offering of 10 million shares at $6.50 this morning. The company has a market cap of 289.85 million.

Sprint Nextel Corp. (NYSE:S) is down 5% today at $2.3950. S has traded 63.6 million shares so far today, well above its daily average of 47.2 million shares. New York is suing Sprint for more than $300 million over taxes. S shares have dropped $0.30 a share in the past week. The company has a market cap of 7.13 billion.

EMC Corporation (NYSE:EMC) is down 3.81% today at $28.02. EMC has traded 31 million shares this morning, 11 million shares more than its daily average. EMC shares are down some today after its outlook looks a bit weak. The company has a market cap of 57.50 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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