Nasdaq Stocks Heading Lower in Midday Trading: CTIC, ZNGA, MRCY, GERN, FSLR, AEZS

Cell Therapeutics, Inc. (NASDAQ:CTIC) is down 23.04% in midday trading at $1.57. CTIC has traded 19.5 million shares so far today, well above its daily average of 1.3 million shares. CTIC shares are getting hit hard today after pricing public offering at $1.40 per share. CTIC shares have dropped more than $1 a share over the past four days. The company has a market cap of 67.20 million.

Zynga, Inc. (NASDAQ:ZNGA) is down 17.23% today at $2.3350. ZNGA has traded 91.8 million shares at midday, 5 times its normal trading volume. ZNGA shares are plummeting today after Zynga lowered its 2012 outlook. The company has a market cap of 1.76 billion. [Read more...]

Nasdaq Stocks Heading Lower Today: GERN, ZLCS, TITN, SPRD, NIHD, MLNX

NasdaqGeron Corporation (NASDAQ:GERN) is down 55.86% today at $1.28. GERN is down on extremely heavy volume today with 16.7 million shares traded. GERN typically trades about a million shares a day. GERN shares are down today after its breast cancer drug fails trial. The company has a market cap of 168.01 million.

Zalicus Inc. (NASDAQ:ZLCS) is down 42.81% today at $0.7950. ZLCS has traded 16.7 million shares so far today, 5 times its average volume. ZLCS shares are tumbling today after the company said it is ending development of Synavive. The company has a market cap of 93.11 million. [Read more...]

Hot Stocks to Watch: FSR, P, STEM, BPT, SRPT, GERN

Wall Street signThe major stock averages are down nearly 1% today ahead of Bernanke’s speech at Jackson Hole. News out of Europe also has investors on edge with Spain delaying a decision on whether they will seek a bailout or not. Slovakia’s Prime Minister, Robert Fico, said there was 50% chance of the eurozone breaking up. Eurozone leaders will be meeting later next month to discuss the economic crisis that has plagued the region for so long.

Traders should prepare for volatile trading tomorrow following the Fed Chairman’s speech. Some investors are dialing back expectations of more stimulus after improving economic numbers lately and the fact the Dow is above 13k.

The Dow is currently down nearly 100 points this morning, the Nasdaq is down 27 points and the S&P 500 is down 10 points. [Read more...]

Biggest Nasdaq Losers in Early Trading: GERN, TSTC, TWER, ZAGG, CADX

Geron Corporation (NASDAQ:GERN) is down $0.43 at $1.77, a loss of 19.55%. Shares of Geron fell this morning after the company said it would drop stem cells and focus on cancer. The company will also cut 66 jobs. GERN has traded 4.2 million shares so far today, four times its daily average. GERN has been on a steady decline since May when the stock was trading over $5/share. The company has a current market cap of 232.64 million.

Telestone Technologies Corp. (NASDAQ:TSTC) is down 20.71% this morning at $5.55. TSTC has traded 352 thousand shares so far today, twice its daily average. The company announced third quarter results this morning. TSTC had been trending upward until about a week ago when it was trading above $9. The company has a current market cap of 68.32 million.

Towerstream Corporation (NASDAQ:TWER) is trading down 24% this morning at $2.05. The stock is dipping this morning after the company reported third quarter results late yesterday. TWER reported a net loss of $2.6 million, up from the previous quarter of 1.2 million. TWER has traded 778 thousand shares this morning, more than double its daily average of 332 thousand shares.

ZAGG Inc. (NASDAQ:ZAGG) is down 15% at $10.27 this morning. ZAGG announced third quarter results yesterday that beat Wall Street’s expectations. I guess investors weren’t impressed with the results as ZAGG is having a steep sell off this morning. ZAGG has traded 1.5 million shares this morning, 500 thousand more than its daily average. Over the past year, ZAGG has hit a low of $6.23 and a high of $17.10. The company has a current market cap of 305.12 million.

Cadence Pharmaceuticals Inc. (NASDAQ:CADX) is down 5% at $3.75 this morning. CADX has traded 5.2 million shares this morning after the company announced the pricing of public offering at $3.75. The company has a current market cap of 239 million.

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