STMicroelectronics NV (NYSE:STM) is down 14% this morning at $5.66. STM has traded 7.4 million shares so far today, well above its daily average of 2 million shares a day. STM shares have dropped $1.20 a share over the past five days. The company has a market cap of 4.99 billion.
Sonic Automotive Inc. (NYSE:SAH) is down 8.32% in early trading at $16.44. SAH has traded 1.3 million shares so far today, double its daily average. SAH shares are slipping today after first quarter earnings miss estimates. Sonic Automotive reaffirmed 2012 guidance of $1.55 to $1.65 a share. The company has a market cap of 859.30 million. [Read more...]