Not even the late day rally into the close could save these stocks. After the market opened lower it clawed its way back to near positive territory on the Dow after upbeat comments in the Federal Reserve’s Beige Book. While the economy is growing, any shock from Europe could have devastating growth impacts on the global economy. Most indices are in a wait and see mode as the ECB prepares to meet again to address the sovereign debt issue. Sign Up For Our Free Weekly Newsletter
Here are 5 stocks that are declining in after-hours trading:
After ending the trading day positive Qihoo 360 Technology Co Ltd. (NYSE:QIHU) is giving back some of those gains in after-hours. Currently down over 3%, the company finished the day up over 7%. The company is preparing for their investment webcast that is schedule to take place tomorrow. QIHU trades an average of 980 thousand shares and has a market cap $1.82 Billion.
PVH Corp. (NYSE:PVH) finished the day flat but released its guidance in after-hours. While they upped their guidance outlook the stock is sliding in after hours, losing 4.41% at $70.64. PVH Corp. raised fourth quarter EPS guidance to $1.08-1.10 from $1.03-$1.05. The company sees fiscal year 2013 EPS of $5.90-6.00, in line with consensus of $5.95. The company has a market cap of 5 billion.
MannKind Corp. (NASDAQ:MNKD) closed the day up around 2%, but has since given back those gains in after hours trading. MNKD trades above average volume today with 839 thousand shares traded. MNKD has been trending slightly higher the past few days ahead of tomorrow’s annual J.P. Morgan Healthcare Conference, which the company will be presenting at. The company has a market cap of 321.75 million.
Linn Energy, LLC (NASDAQ:LINE) is falling in after hours trading as the company announces offering of 17 million units. LINE is currently down 2.65% at $36.70. The stock closed the day down slightly with 710 thousand shares traded. The company has a market cap of 6.66 billion.
VanceInfo Technolgoies Inc. (NYSE:VIT) is down 2% in after hours trading at $12.42. VIT closed the day up 2.59% at $12.67 with 488 thousand shares traded. Over the past three weeks, VIT has been in a decent uptrend and has jumped up 50% in that time period. The comapny has a market cap of 564.52 million.