NYSE:HMY

NYSE Stocks Trading Lower Today: IO, MCP, ARO, HMY, IOC, ACCO

Traders at the NYSEION Geophysical Corporation (NYSE:IO) is down 13.26% today at $6.74. IO has traded 3.1 million shares so far today, well above its daily average of 1.1 million shares. IO shares are down today after losing patent infringement lawsuit. The company has a market cap of 1.05 billion.

Molycorp, Inc. (NYSE:MCP) is down 10.75% today at $9.96. MCP has traded 27.2 million shares so far today, well above its daily average of 3.4 million shares. MCP shares are falling today after pricing its 12 million share offering at $10 a share. The company has a market cap of 988.77 million. [Read more...]

Gold Prices Fall Slightly as Market Rebounds, Gold Stocks to Watch

Gold pricesThe price of gold is down a little bit this morning as stocks bounced back sharply today after seeing their biggest one day decline of the year yesterday. Alcoa posted their earnings yesterday after market close and beat expectations.

Worries over Europe were also eased somewhat this morning as borrowing costs in Spain and Italy fell. Investors will be keeping a close eye on upcoming elections in Greece and France as opposition candidates have taken stances against European bailouts.

Gold prices are currently down $1.70 at $1,658.90. [Read more...]

Gold Prices Lose Momentum, Gold Stocks to Watch

Gold pricesLooks like the Bernanke bump wasn’t long lasting. Gold prices are retreating from their two-week high set earlier this week. The metal failed to break the $1700 barrier, so traders started to take more profits.

The Fed comments have given the range bound metal a much needed boost but it has yet to break the $1700 barrier convincingly. Analysts say that in the coming weeks investors should expect the break to come as investors clamor for more monetary easing from the Federal Reserve.

The gold prices moves are more of a concern for the short-term traders. Those that follow noted bulls like Marc Faber and Max Keiser are pretty much locked in on a different thesis. One that follows that all fiat currencies are doomed and the the return of the gold standard in inevitable. [Read more...]

NYSE Stocks Losing Ground In Midday Trading: PAY, HL, PVA, WFR, HMY, RENN

VeriFone Systems, Inc. (NYSE:PAY) is down 6.83% at $37.78 in midday trading. PAY has traded 3.7 million shares so far today, well above its daily average of 1.8 million shares. VeriFone announced their fourth quarter earnings yesterday. The company saw revenue jump nearly 49%. The stock is down today though after VeriFone said it expected first quarter profit of $0.50-$0.52 per share. Analysts were expecting $0.53 per share. Verifone has a market cap of 3.99 billion.

Hecla Mining Co. (NYSE:HL) is down 5.41% today at $5.42. HL has traded 6.9 million shares so far today and trades 8.4 million shares a day on average. HL stock fell today after news of an incident at an Idaho mine. All of their workers are safe after a rock burst at the mine. The company has a market cap of 1.51 billion.

Penn Virginia Corporation (NYSE:PVA) is down 7.01% today at $4.51. PVA has traded 850 thousand shares so far today and trades 1.2 million shares a day on average. PVA stock has been trending downward since Monday and is down about $1.50 since then. Penn Virginia has a market cap of 207.52 million.

MEMC Electronic Materials Inc. (NYSE:WFR) is down 4.91% at $3.68 in midday trading. WFR has traded 3.7 million shares so far today and trades 7.9 million shares a day on average. WFR has been trending lower this week, falling from $4.40 last Friday. The company has a market cap of 846.06 million.

Harmony Gold Mining Co. (NYSE:HMY) is down 5.36% today at $11.84. HMY has traded 1.8 million shares so far today and trades 2.5 million shares a day on averarge. HMY stock has fallen nearly $2 a share since last Friday. Harmony Gold has a market cap of 5.11 billion.

Renren Inc. (NYSE:RENN) is down 4.44% at $3.44 in midday trading. RENN has traded 1.2 million shares today and averages 3.7 million shares daily. RENN is down today on news that China’s internet population is starting to stagnate. The company has a market cap of 1.35 billion.

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