Stock Losers Heading Into Midday: INVN, SGYP, BEBE, SAPE, MTW, SWN

Traders at the NYSEInvenSense, Inc. (NYSE:INVN) is down 21.73% today at $13.10. INVN is seeing big volume today with 3.7 million shares traded so far, nearly double its daily average. INVN shares are tumbling today as the company cuts its outlook. InvenSense was expecting revenue of $38 to $42 million, but cut that to $38 to $40 million. The company has a market cap of 1.04 billion.

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Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) is down 21.43% in early trading at $4.4706. SGYP has traded 3.2 million shares so far today, way above its daily average of 98 thousand shares. Synergy Pharmaceuticals announced earlier today a public offering of 10 million shares at $4.50 per share. The company has a market cap of 243.83 million. [Read more...]

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