NASDAQ Stocks Trading Lower Despite Market Rally: PNSN, HOGS, OXGN, BMTI, SNSS, TUDO

NasdaqPenson Worldwide, Inc. (NASDAQ:PNSN) is down 22.83% this morning at $0.98. PNSN has traded nearly 800 thousand shares so far today, way above its daily average of 118 thousand shares. PNSN shares are taking a big hit today after their quarterly loss widens to $6.68 per share on revenue of $42.7 million. Penson also announced a majority of its debt holders have agreed to a restructuring agreement. The company has a market cap of 27.26 million.

Zhongpin Inc. (NASDAQ:HOGS) is down 14.92% this morning at $8.94. HOGS has traded 1.4 million shares so far today, 7 times its average volume. Zhongpin forecast 2012 EPS of $1.36 to $1.92, missing analysts estimates of $2.30. The company has a market cap of 338.73 million. [Read more...]


Wall Street signAcadia Pharmaceuticals Inc. (NASDAQ:ACAD) is up 18.42% today at $2.0250. ACAD has traded 2.3 million shares so far today, well above its daily average of 334 thousand shares. ACAD shares have jumped more than $0.50 a share in the past week after the stock fell from a high of $1.80 in February to around $1.50 in March. The company has a market cap of 104.75 million.

Top Image Systems, Ltd. (NASDAQ:TISA) is up 11.75% in midday trading at $3.90. TISA has traded 721 thousand shares so far today, more than 7 times its average volume. Top Image Systems filed for patent for its Intelligent Mobile Document Delivery apps on Monday. The company has a market cap of 42.34 million. [Read more...]

Stock Futures Shaky on Overseas News. Stocks to Watch: TUDO, OREX, RENN, S, CDTI, ANTH, AMZN

Stock FuturesFutures are on edge this morning as investors look at downbeat data emerging out of China. A meeting in Europe is also raising concerns that the Greek issue may yet appear again. The contagion factor with the debt deals and bailouts is also a factor in the general nervousness of the market. Dow futures are currently down 17 points to 12,486. Nasdaq 100 futures are off 5.25 points to 2,639. S&P 500 futures are rounding out the downtrend, down 2.75 points to 1,364.

While the non-farm payroll data was a boon to the market on Friday, it lost all steam after the ISDA declared the Greek bond-swap a credit event. The European markets are trading in a choppy range thanks to that and data out of China showing them swinging to a major trade deficit due to waning demand for their exports.

Today the EU group is expected to meet to approve the second Greek bailout. Span will also come into sharp focus as it will announce it will miss its 2012 budgetary requirements. The Finance minister is expected to attend and explain the miss. Pretty simple, when one-fifth of your country is unemployed your rosy numbers are going to be missed. [Read more...]

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