Six Nasdaq Stocks Trending Lower This Morning: TESO, EXEL, JRCC, CPRX, SRPT, AMRN

NASDAQ Screen at Times SquareTesco Corporation (NASDAQ:TESO) is down 14.68% today at $10.29. TESO has traded 449 thousand shares so far today, double its average volume. Tesco reported second quarter results earlier today and beat EPS estimates by $0.01, but missed on revenue. The company has a market cap of 398 million.

Exelixis, Inc. (NASDAQ:EXEL) is down 8.51% this morning at $5.11. EXEL is down on heavy volume today with 3.4 million shares, more than double its daily average. EXEL shares are down today after announcing 20 million share offering. The company has a market cap of 753.68 million. [Read more...]

Cheap Stocks Moving Higher This Morning: CPRX, SANM, OCLR, STEM, SRPT, VRNG

Wall Street signProblems in the euro zone continue to affect the markets today. Stock markets in Europe were taking a hit today after Moody’s put Germany, Luxembourg and the Netherlands on negative watch. This sent a signal that no eurozone economy is safe from the problems plaguing countries such as Spain and Italy. PMI results also disappointed in Europe.

Closer to home, economic data showed lower manufacturing activity in the mid-Atlantic region. The Richmond Fed Manufacturing Index fell at a steeper rate than expected.

The major stock averages are down at least 0.5% this morning. The Dow is down 88 points, the Nasdaq is down 14 points and the S&P 500 is down 8 points. [Read more...]

Real Time Web Analytics