Stocks Trading Lower in Pre Market for June 7: MOH, MW, NAV, LULU, ABR

Traders at the NYSEMolina Healthcare Inc. (NYSE:MOH) is down 21.97% in pre market trading at $20.10. MOH has traded 250 thousand shares this morning and averages 800 thousand shares a day on average. MOH shares are tanking today after the company recalls its 2012 earnings guidance due to uncertainties regarding medical costs in Texas. The company has a market cap of 1.19 billion. Sign Up For Free Stock Alerts

The Men’s Wearhouse, Inc. (NYSE:MW) is down nearly 20% this morning as the company misses EPS estimates for the first quarter. Men’s Wearhouse reported a first quarter profit of $0.53, missing estimates by $0.02. The company also issued disappointing guidance for the second quarter. MW has traded 14 thousand shares in pre market and averages 660 thousand shares a day on average. The company has a market cap of 1.80 billion.

Navistar International Corporation (NYSE:NAV) is down 11.19% in pre market trading at $25.00. NAV has traded 10 thousand shares this morning and averages 1.5 million shares a day. NAV shares are down as the company posts second quarter loss and cuts outlook. The company has a market cap of 1.93 billion.

Lululemon Athletica Inc. (NASDAQ:LULU) is down 9.78% this morning at $63.18. LULU has traded nearly a million shares already this morning and averages 2.35 million shares daily. Lululemon posted a beat for its quarterly results, but shares are down as the company says sales growth to slow. The company has a market cap of 10.05 billion. Sign Up For Free Stock Alerts

Arbor Realty Trust Inc. (NYSE:ABR) is down 7.18% in pre market trading at $5.30. ABR has traded 45 thousand shares in pre market and averages only 64 thousand shares a day. Arbor Realty Trust announced yesterday a public offering of 3.5 million shares. The company has a market cap of 138.46 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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