biggest losers

Biggest Losers In Morning Trading: ECYT, IVN, CMED, LRN, ALIM, FST

Stocks are coming off their highs this morning with the S&P and Nasdaq about to turn negative. There is still a lot of uncertainty in the markets over the Europe situation, plus investors are waiting to hear the Fed’s assessment of the U.S. economy. The Dow is up 50 points right now, the Nasdaq is up 3 points and the S&P is up 4 points.

Here’s a handful of stocks that are deep in the red this morning.

Endocyte, Inc. (NASDAQ:ECYT) is down 62.39% this morning at $3.87. ECYT has traded 4.8 million shares so far today, way above its daily average of 160 thousand shares. ECYT stock fell this morning after the company the overall survival results for its drug were ‘inconclusive’. The company has a market cap of 136.88 million.

Ivanhoe Mines Ltd. (NYSE:IVN) is down 15.99% this morning at $17.39. IVN has traded nearly 5 million shares this morning, nearly twice its daily volume average. Ivanhoe is down today after they lost a legal battle with Rio Tinto. The company has a market cap of 12.82 billion.

China Medical Technologies Inc. (NASDAQ:CMED) is down 14.39% this morning at $2.80. CMED has traded 369 thousand shares so far this morning and trades 556 thousand shares a day on average. CMED is down this morning after the company announced it plans to implement debt restructuring. China Medical has a market cap of 74.19 million.

K12, Inc. (NYSE:LRN) is down 11.98% in early trading at $25.46. LRN has traded 924 thousand shares this morning, 3 times its daily average volume. LRN has been rallying most of the month from $24 a share to over $28 before falling today. K12 Inc. has a market cap of 892.04 million.

Alimera Sciences, Inc. (NASDAQ:ALIM) is down 12.29% this morning at $1.57 ALIM has traded 570 thousand shares this morning, 260 thousand more shares than it trades a day on average. ALIM stock is pulling back after rising nearly $0.50 over the past 2 trading days. The company has a market cap of 49.65 million.

Forest Oil Corp. (NYSE:FST) is down 10.63% in early trading at $14.36. FST has traded 4.2 million shares so far today and trades 5.2 million shares a day on average. Forest Oil announced it has budgeted $550 million to $600 million for capital projects next year. The company also announced it’s projecting annual organic growth of 5% to 6% for net sales volumes next year. The company has a market cap of 1.63 billion.

Biggest Losers In Early Trading: DMND, ROSE, PZZI, CMED, WFR

The stock market is taking a hit this morning as uncertainty on the euro debt crisis grows. The Dow, Nasdaq and the S&P are all down more than 1% this morning with the Nasdaq seeing the biggest percentage loss of 1.81%.

Here’s the biggest losers in early trading so far today.

Diamond Foods, Inc. (NASDAQ:DMND) is down 22.81% this morning at $31.31. DMND has traded 5.8 million shares this morning, well above its daily average 1.7 million shares. Diamond Foods is down today after the company announced it will delay filing its first-quarter results due to an ongoing investigation by its audit committee into the accounting for its walnut payments. The company has a market cap of 698.73 million.

Rosetta Resources, Inc. (NASDAQ:ROSE) is down 9.17% this morning at $45.92. ROSE has traded 833 thousand shares so far today and trades about 1 million shares a day on average. Rosetta is down today after disappointing well results. Rosetta Resources has a market cap of 2.39 billion.

Pizza Inn Holdings, Inc. (NASDAQ:PZZI) is down 8.11% this morning at $5.85. PZZI has traded 312 thousand shares today, more than double its daily average. PZZI has dropped more than $1 over the past 4 trading sessions. The company has a market cap of 47.26 million.

China Medical Technologies Inc. (NASDAQ:CMED) is down 6.40% at $2.78 so far today. CMED has traded 322 thousand shares this morning and trades 549 thousand shares a day on average. This is the third straight day CMED is in the red and has lost $0.50 over that span. China Medical has a market cap of 72.86 million.

MEMC Electronic Materials Inc. (NYSE:WFR) is down 9.05% at $4.02. WFR has traded 3 million shares so far today and trades 7.6 million shares a day on average. The company has a market cap of 926.47 million.

Biggest Losers In Midday Trading for Dec. 6: CMED, SPRD, PLX, MTL, GMXR, FIO

Heading into midday trading, stocks are heading lower with only the Dow in positive territory right now. Stocks are lower today as investors wonder if the European Union summit later this week can be decisive enough to fix the debt crisis in the long run. Also in the news, Standard & Poor has issued warning to the top 6 euro zone countries and the EFSF and put them on credit watch downgrade. The Dow is up about 30 points right now, the Nasdaq is down 10 points and the S&P is pretty much even on the day.

Here’s a look at the biggest stock losers in midday trading.

China Medical Technologies Inc. (NASDAQ:CMED) is down 20.41% today at $2.69. CMED is down amid fraud allegations. CMED has traded 3.6 million shares so far today, 10 times its daily average volume. Reserach firm Glaucus Research Group alleges that China Medical’s CEO “orchestrated an acquisition to embezzle roughly $20-$23 million from the public company.” The company has a market cap of 72.86 million.

Spreadtrum Communications Inc. (NASDAQ:SPRD) is down 11.89% at $21.26 in midday trading. SPRD has traded 2.7 million shares so far today, well above its daily average of 1.3 million shares. SPRD has fallen the past two trading sessions and has lost more than $5 a share. Spreadtrum Communications has a market cap of 964.58 million.

Protalix BioTherapeutics, Inc.(AMEX:PLX) is down 13.41% at $5.36 in midday trading. PLX has traded 858 thousand shares so far today, 8 times its daily average volume. The FDA extended the PDUFA goal date for approving its new drug application for taliglucerase alfa, which treats Gaucher disease. Protalix has a market cap of 457.23 million.

Mechel OAO (NYSE:MTL) is down 13.29% at $10.18 today. MTL has traded 4.3 million shares so far today, well above its daily average volume of 3.5 million shares. Mechel is down today after the company reports suspension of work at several facilities at two Southern Kuzbass Mines. The company has a market cap of 4.27 billion.

GMX Resources Inc. (NYSE:GMXR) is down 8.92% at $1.43 in midday trading. GMXR has traded 643 thousand shares so far today and trades 1.5 million shares a day on average. The company has a market cap of 81.33 million.

Fusion-io Inc. (NYSE:FIO) is down 8.12% at $29.53 in midday trading. FIO has traded 3.6 million shares so far today, more than double its daily average volume. FIO is down today after the post IPO lock-up expired on 8.7 million shares. The company has a market cap of 2.47 billion.

Biggest Losers in Today’s Rally: RIMM, BIG, UVV, GTE, CSIQ, EK

Despite the market rally earlier today, there are some stocks getting hit pretty hard today by investors. These stocks include Research In Motion (NASDAQ:RIMM), Big Lots Inc. (NYSE:BIG), Universal Corp. (NYSE:UVV), Gran Tierra Energy Inc. (AMEX:GTE), Canadian Solar Inc. (NASDAQ:CSIQ) and Eastman Kodak Co. (NYSE:EK).

Research In Motion (NASDAQ:RIMM) is down 8.67% today at $16.97. RIMM is falling after the company announced it won’t meet financial targets after a huge write down on its PlayBook tablet. The total write down is $360 million. RIMM has traded 44 million shares so far today following this news, more than double its daily average volume.

Big Lots Inc. (NYSE:BIG) is down 8.41% at $36.36 with about 2 hours left in the trading day. BIG has traded 4.2 million shares so far today, well above its daily average of 1.3 million shares. Big Lots fell today after its third quarter income fell 76% due to a loss related to its newly acquired Canadian operations and the slow down in the U.S. The company did however raise its full year outlook. The company has a current market cap of 2.39 billion.

Universal Corp. (NYSE:UVV) is down 8.66% at $41.67 today. UVV has traded 947 thousand shares so far today, more than 4 times its daily average. UVV started selling off around midday yesterday. The company has a current market cap of 976.59 million.

Gran Tierra Energy, Inc. (AMEX:GTE) is down 6.42% today at $5.83. GTE has traded 1.3 million shares so far today, more than double its daily average volume. The company gave an update on drilling programs in South America earlier today, but it looks like investors didn’t like what they heard. Gran Tierra has a current market cap of 1.61 billion.

Canadian Solar Inc. (NASDAQ:CSIQ) is down 9.62% today at $2.82. CSIQ has traded 838 thousand shares so far today and is on track to trade its normal volume of 1.1 million shares. CSIQ is dipping today after running up all week long from $2.40 to $3.20. The company has a current market cap of 121.48 million.

Eastman Kodak Co. (NYSE:EK) is down 3.30% today at $1.0250. EK has traded 4.7 million shares so far today and trades 12.4 million shares a day on average. Eastman Kodak has a current market cap of 276.70 million.

Biggest Losers on the Market Today: NZT, PEIX, FMCN, GILD, NLST

The market downturn is accelerating into the noon hour as the Dow is down 337 points, the Nasdaq is down 67 points and the S&P is down 30 points. News about MF Global came out today where a trustee says shortfall may be double previous estimate and could reach $1.2 billion or more. Here’s the biggest losers of the day in midday trading.

Telecom Corp. of New Zealand Ltd. (NYSE:NZT) is down 21.51% at $7.37. NZT gaped down sharply this morning as the entire market started the day lower. NZT has traded 746 thousand shares so far today, about double its daily average. The company has a current market cap of 2.88 billion.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is down 16.54% at $1.06 in midday trading today. PEIX has been trending lower the past few days after having a decent run up for the first half of November. PEIX has traded 9.3 million shares so far today, 3 million more shares than its daily average. The company has a current market cap of 80.95 million.

Focus Media Holding Ltd. (NASDAQ:FMCN) is down 17.80% at $21.00. FMCN has traded 9.4 million shares today, 9 times its daily average volume. FMCN has been selling off since Friday after it gaped up on earnings. The company has a current market cap of 2.86 billion.

Gilead Sciences Inc. (NASDAQ:GILD) is down 12.29% at $35.00. Gilead Sciences announced today they will buy Pharmasset (NASDAQ:VRUS) for $11 billion. GILD has traded 22 million shares so far today, nearly triple its daily average. GILD had been trending slightly lower this month before dropping big today with the market. The company has a current market cap of 26.36 billion.

Netlist Inc. (NASDAQ:NLST) is down 12% at $3.08 in midday trading. NLST has traded 1.2 million shares so far today, well above its daily average of 406 thousand shares. NLST was in an uptrend all last week, but with the market down this big pretty much everything will follow. The company has a current market cap of 79.17 million.

The markets are getting hammered today and unless a company had really good news, pretty much every stock is following the market down.

Biggest Losers in Midday Trading: PERY, YOKU, SLM, JEF, DAN

Perry Ellis International Inc. (NASDAQ:PERY) is down $7.40 at $14.04, a loss of 34.51%. Perry Ellis announced third quarter results today and profits missed Wall Street expectations. The company is expecting a full-year profit of $2.00 per share, analysts were expecting $2.51. PERY has traded 1.2 million shares so far today, 10 time its daily average. The company has a current market cap of 216.94 million.

Youku.com Inc. (NYSE:YOKU) is down 18.73% at $16.70. YOKU is down today after the company reported a steeper third quarter loss than expected. The stock has traded 3.7 million shares so far today, 400 thousand more than its daily average. YOKU was also downgraded to sell by Maxim with a price target of $16. The company has a current market cap of 1.92 billion.

SLM Corporation (NYSE:SLM) is down 5.64% at $12.88. SLM has traded 4.9 million shares so far today and should easily pass its daily average volume of 6.4 million shares. SLM is down today after consumer regulators are looking into the private student lending industry. SLM Corp has a current market cap of 6.47 billion.

Jefferies Group, Inc. (NYSE:JEF) is down 4.8% at $9.82 so far today. JEF has traded 6.1 million shares in midday trading, 1.5 million shares more than its daily average. JEF has been in a steady sell off the past two weeks as investors had concerns over their debt holdings after what happened to MF Global. The company’s CEO, Richard Handler, believes the turmoil around the company’s shares will start to ease as the fallout from MF Global lessens. The company has a current market cap of 2.16 billion.

Dana Holding Corporation (NYSE:DAN) is down 3.53% at $12.86 today. DAN is down about $2 in the past five days as it dropped from a high of $14.20 on Monday. DAN has traded 3.8 million shares so far today, 500 thousand more than its daily average. The company has a current market cap of 1.88 billion.

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