NASDAQ Stocks Dipping in Early Trading: LEAP, NIHD, TSPT, INFN, CLNT, GPRE

NasdaqLeap Wireless International Inc. (NASDAQ:LEAP) is down 20.75% this morning at $6.11. LEAP has traded 5.6 million shares so far today, well above its daily average 1.4 million shares. Leap Wireless posted a net loss for the most recent quarter of $98.4 million or $1.28 per share. The company has a market cap of 487.02 million.

NII Holdings Inc. (NASDAQ:NIHD) is down 18.18% in early trading at $15.35. NIHD has traded 7.7 million shares so far today, more than double its daily average. NII Holdings announced first quarter profits earlier today and reported net income of $10.9 million, down from $96.8 million a year ago. The company has a market cap of 2.64 billion. [Read more...]

SEFE as the next LEXG? 4 Penny Stocks With Volume: SNPK, MSLP, BSPM, CLNT

penny stocksEurope is once again on the mind of the average investor. Political developments over the weekend and this morning have the potential to thrown the continent back into disarray. First was the French presidential elections that saw the Socialist candidate forcing Sarkozy into a runoff slated for May 6 – the same day as Greek elections. Then the Dutch government fell apart over budget negotiations.

Domestically investors are reeling from the burgeoning bribery scandal involving Wal-Mart. Plus Kellogg slashed their forecasts for 2012 which begs the question of whether or not the recovery is faltering into a renewed slowdown. [Read more...]

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