NASDAQ Stocks Falling in Early Trading: PCO, HALO, SPRD, CNIT, WPRT, MAT

Nasdaq StocksPendrell Corporation (NASDAQ:PCO) is down 47% in early trading at $1.15. PCO has traded 8.9 million shares already today, 20 times its daily average. PCO shares are tumbling after a court overthrows the company’s win over Boeing. The company has a market cap of 288.99 million.

Halozyme Therapeutics, Inc. (NASDAQ:HALO) is down 25.02% this morning at $8.45. HALO has traded 5.6 million shares so far today, 5 times its average volume. HALO shares are falling after the FDA demands more data before making a decision. The company has a market cap of 879.91 million. [Read more...]


Nasdaq StocksTargacept, Inc. (NASDAQ:TRGT) is down 12.37% today at $4.25. TRGT has traded 1.2 million shares so far today, double its daily average. TRGT shares are tumbling today after the company reports error in asthma study. The company has a market cap of 141.93 million.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is down 3.69% in early trading at $3.0050. ARNA has traded 8.8 million shares so far today, above its daily average of 7.8 million shares. ARNA shares are falling as investors react to the FDA decision delay of Vivus’s obesity drug. The company has a market cap of 545.24 million. [Read more...]

After Hours Report for March 27

Wall StreetStocks closed lower today, one day after a strong rally thanks to comments from Fed Chairman Ben Bernanke. When asked earlier today about the potential for another round of asset purchases, Bernanke told ABC News that the Fed keeps all options available and needs to prepare for how the U.S. economy evolves.

U.S. consumer confidence dipped in March, but was in line with estimates. Meanwhile, inflation expectations rose to the highest in 10 months.

All the major indices finished the day negative with the Dow down 43 points, the Nasdaq down 2 points and the S&P 500 down 4 points. [Read more...]

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