Patriot Coal Corporation (NYSE:PCX) is down 31.25% today at $2.3050. PCX has traded 20.8 million shares so far today, well above its daily average of 7.4 million shares. PCX shares have dropped $1.70 a share over the past week. The company has a market cap of 223.20 million. UPDATE: PCX shares are now down nearly 60% as reports come out the company is looking at restructuring advisers in the event the company cannot meet its near term financing needs.
Express Inc. (NYSE:EXPR) is down 25.12% today at $17.29. EXPR has traded 11.7 million shares so far today, 11 times its daily average. EXPR shares are tanking as the company reported lower than expected results. The company has a market cap of 1.53 billion. [Read more...]