CLWR Leads These Nasdaq Stocks Lower: ISIS, OCZ, PACB, DVAX, SVNT

Clearwire Corporation (NASDAQ:CLWR) is down 11.52% this morning at $2.38. CLWR has traded 34.9 million shares so far today, well above its daily average of 16.6 million shares. CLWR shares are tumbling today on news that Sprint does not plan to buy Clearwire. The company has a market cap of 1.27 billion.

Isis Pharmaceuticals, Inc. (NASDAQ:ISIS) is down 12.70% today at $11.48. ISIS has traded 5.9 million shares this morning, more than 4 times its daily average. ISIS shares are down today after regulators raised concerns about abnormal growths linked to the company’s drug, Kynamro. The company has a market cap of 1.18 billion. [Read more...]

6 Nasdaq Stocks Falling This Morning: XRTX, LEAP, ATRS, RIGL, ISIS, ZIOP

Xyratex Ltd. (NASDAQ:XRTX) is down 14.83% this morning at $7.41. XRTX has traded 1.1 million shares so far today, 4 times its daily average volume. Xyratex missed third quarter estimates as revenue falls 24%. The company also forecasted a net loss for the current quarter. The company has a market cap of 205.43 million.

Leap Wireless International Inc. (NASDAQ:LEAP) is down 15.81% today at $6.39. LEAP has traded 10.09 million shares already this morning, about 5 times its normal volume. LEAP was downgraded to neutral from overweight by J.P. Morgan. J.P. Morgan analysts downplayed the idea that Sprint would buy Leap saying it is “unattractive” for Sprint. The company has a market cap of 507.04 million. [Read more...]

Hot Stocks to Watch: MRX, HEK, CHTP, VRX, SNTA, ISIS

Wall Street signA couple of poor economic reports has sent markets down today with the Dow flirting around the 13,000 level. Manufacturing fell to 49.6 in August, the biggest decline in more than three years according to the Institute for Supply Management (ISM). Construction spending also dipped, falling nearly 1% in July. Economists were expecting a rise in 0.4% rise in spending.

Today’s sell off should come as no surprise with September being a poor month for stocks historically.

The Dow is currently down 75 points, the Nasdaq is down 9 points and the S&P 500 is down 5 points. [Read more...]

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