Stocks started the day rallying after the Dow suffered a nearly 400 point drop yesterday as the European debt crisis appeared to get worse. The market has since lost momentum and is trading only slightly higher this morning.
Some stocks are getting hammered today because of poor quarterly results or other reasons. Stocks getting hit the hardest include – DPTR, TRX, GMCR, PEGA and SSRI.
Delta Petroleum Corp. (NASDAQ:DPTR) is down $1.40 at $0.6410 today, a loss of 68.73%. The company said this morning they may seek bankruptcy protection. The company reported a third quarter loss of $15.40/share versus EPS $0.49 last year. Delta Petroleum saw a sixteen times jump in operating costs. DPTR has traded 2.6 million shares so far today, 20 times its average volume. The company’s market cap plummeted today and is sitting at 18.52 million.
Tanzanian Royalty Exploration Corp. (AMEX:TRX) is down 41.81% at $1.99 today. TRX is down on heavy volume with 8.3 million shares traded, well above its daily average volume of 538 thousand shares. TRX hit a new 52-week low this morning of $1.56. The company has a current market cap of 186.16 million.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is down 37.82% this morning at $41.73. This steep sell off comes as the company’s fourth quarter revenue fell short of analysts expectations. The company’s sales rose 91% from a year ago to $712 million, but fell short of the $760.5 million analysts had expected. GMCR shares have lost more than 50% over the past month after David Einhorn, a hedge fund manager, criticized the company’s accounting policies. Green Mountain has a current market cap of 6.44 billion.
Pegasystems Inc. (NASDAQ:PEGA) is down $7.93 at $29.11, a loss of 21.41%. PEGA is down on heavy volume after the company’s third quarter results fell short of expectations. The company announced EPS of $0.61, analysts were expecting $1.17. The stock has traded 1.4 million shares so far today, five times its average. PEGA has a current market cap of 1.09 billion.
Silver Standard Resources Inc. (NASDAQ:SSRI) is down 22.47% this morning at $14.84. The stock is dipping after the company announced third quarter results this morning. SSRI is down on above average volume with 3.4 million shares traded, three times its average daily volume. The company has a current market cap of 1.21 billion.