Benzinga’s Top Downgrades (MPWR, CHRW, CPO, KNXA, ARMH)
February 03, 2010 10:26 AM
Monolithic Power Systems, Inc. (NASDAQ: MPWR) declined 2.33% to $21 in the pre-market session after Monolithic Power Systems was downgraded by Wedbush Morgan to Underperform from Neutral and the price target reduced from $28 to $18. The 52-week trading range for MPWR is $11.26 - $25.26. Monolithic Power Systems closed at $21.50 in the previous trading session.
C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) fell 7.68% to $53 in the pre-market session. C.H. Robinson was downgraded today by BB&T Capital Markets to Hold from Buy. In the last six months, C.H. Robinson has gained over 5%. The 52-week trading range for CHRW is $37.36 - $61.69.
Corn Products International, Inc. (NYSE: CPO) decreased 2.04% to $30.75 after Corn Products was downgraded by BB&T Capital Markets to Hold from Buy. In the last six months, Corn Products has gained by 12%. Corn Products closed at $31.39 in the previous trading session. The 52-week trading range for CPO is $17.80 - $32.86.
Kenexa Corporation (NASDAQ: KNXA) moved down 13.64% to $9.50 in the pre-market session. Kenexa Corporation was downgraded today by Janney Mntgmy Scott to Neutral from Buy. The 52-week trading range for KNXA is $3.66 - $15.40. In the last six months, Kenexa Corporation has declined by 9%.
ARM Holdings plc (ADR) (NASDAQ: ARMH) declined 1.53% to $9.66 in the pre-market session. ARM Holdings was downgraded today by GC Research to Neutral from Overweight. The 52-week trading range for ARMH is $3.66 - $9.91. In the last six months, ARM Holdings has gained over 53%.
