Stocks Getting Hammered as Market Trades Lower: CQB, AMRS, ES, MELI, SVNT, XOMA

Traders at the NYSEChiquita Brands International Inc. (NYSE:CQB) is down 29.68% today at $5.65. CQB has traded 1.4 million shares so far today, 5 times its daily average volume. Chiquita Brands was downgraded to hold from buy at Jefferies. This downgrade comes as the company’s profit missed on its latest earnings due to lower banana prices. The company has a market cap of 251.01 million.Sign Up For Free Alerts

Amyris, Inc. (NASDAQ:AMRS) is down 23.72% this morning at $1.93. AMRS has traded 373 thousand shares so far today and trades 529 thousand shares a day on average. AMRS shares are down today following the release of their first quarter results. Revenue for the first quarter was $29.5 million versus $37.2 million a year ago. The company has a market cap of 109.71 million.

EnergySolutions, Inc. (NYSE:ES) is down 17.87% today at $3.40. ES has traded 1.6 million shares so far today, more than double its average volume. EnergySolutions released first quarter results this morning and missed EPS estimates by $0.08 while revenue was met expectations. The company has a market cap of 308.57 million.

Mercadolibre, Inc. (NASDAQ:MELI) is down 13.15% this morning at $76.40. MELI has traded 2.4 million shares so far today, 5 times its daily average volume. MELI shares are dipping as the company missed estimates for the first quarter. The company has a market cap of 3.42 billion.Sign Up For Free Alerts

Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) is down 10.43% in early trading at $1.64. SVNT has traded 549 thousand shares so far today and trades 1.1 million shares a day on average. Savient Pharmaceuticals is down today as its quarterly loss widens on higher costs of Krystexxa. The company has a market cap of 117.54 million.

XOMA Corporation (NASDAQ:XOMA) is down 14.52% today at $2.65. XOMA has traded 807 thousand shares so far today and trades 963 thousand shares a day on average. XOMA reported first quarter results late yesterday. Total revenues for the first quarter were $9.9 million compared to $15.6 million a year ago. The company has a market cap of 177.93 million.

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About MarcS

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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