Stocks are turning negative today after starting the day in the green. Disappointing economic news is the main contributor to the downward turn. Home prices fell for the third straight month. The Standard & Poor’s/Case-Shiller home-price index shows prices keeps track of home prices in 20 different cities. 19 of the 20 cities saw prices drop in November with the biggest drops happening in Atlanta, Chicago and Detroit. Phoenix was the only city to see an increase in prices. Consumer confidence and business activity in the Midwest also fell last month. Taking a look at the market right now; the Dow is down 60 points, the Nasdaq is down 7 points and the S&P 500 is down 4 points. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?
Vringo, Inc. (AMEX:VRNG) is up 35.38% today at $1.5704. VRNG has traded 1.8 million shares this morning, way above its daily average of 64 thousand shares. VRNG shares are jumping today after the company announced the launch of a new version of Facetones customized for latest Nokia mobile devices. The company has a market cap of 9.84 million.
FriendFinder Networks Inc. (NASDAQ:FFN) is up 21.71% today at $1.2901. FFN has traded nearly 3 million shares so far today, more than 10 times its daily average. A lot of social media stocks have been trending higher the past few days due to reports of a Facebook IPO. The company has a market cap of 39.65 million.
Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) is up 8.81% this morning at $37.80. VRTX has traded 5.8 million shares so far today, close to double its daily average. VRTX shares are jumping today on news that the FDA approved Vertex’s cystic fibrosis treatment Kalydeco. The company has a market cap of 7.74 billion.
Radioshack Corporation (NYSE:RSH) is down 28.74% in early trading at $7.28. RSH has traded nearly 30 million shares today, more than 10 times its daily average. RSH shares took a nose dive following a disappointing fourth quarter earnings forecast. Radioshack is forecasting earnings of around $0.12, while Wall Street was expecting $0.37 a share. The company has a market cap of 727.81 million. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?
MannKind Corporation (NASDAQ:MNKD) is down 13.85% today at $2.7310. MNKD has traded 1.3 million shares so far today, about double its daily average. MNKD shares are falling today as the company announces public offering of $50 million in common stock and warrants. The company has a market cap of 336.43 million.
Gentex Corporation (NASDAQ:GNTX) is down 10.03% today at $27.10. GNTX has traded 2.2 million shares so far today, well above its daily average of 753 thousand shares. GNTX shares are lower right now as the company missed fourth quarter earnings estimates by $0.02. The company has a market cap of 3.93 billion.