Top 5 Stocks Falling on Unusual Volume (BWLD, NILE, IR, SSRI, BGC)
February 12, 2010 1:10 PM
Earlier we had mentioned five stocks rising on unusual volume, so here are five falling on unusual volume.
Shares of restaurant chain Buffalo Wild Wings (Nasdaq: BWLD) are receiving selling pressure down -12.27% at $42.46 per share. The chain common known as "B Dubs" has disappointed investors with their profit rising below estimates. With a heavy short interest in Buffalo Wild Wings there seems to be support mainly from some shorts covering their positions. Volume is currently 1,785% times normal volume.
Other active names include with over 1,000% times normal volume include Blue Nile, Inc. (Nasdaq: NILE) and Ingersoll Rand (NYSE: IR). Blue Nile shares are down -5.63% to $49.60. Ingersoll Rand shares are down -7.84% to $31.25 per share.
Silver Standard Resources, Inc. (Nasdaq: SSRI) shares tumbled -6.07% today on 689% times normal volume. Silver Standard engages in the acquisition, exploration, and development of mineral resource properties, primarily silver, gold, copper, lead, and zinc.
The last stock falling on unusual volume worth noting is General Cable Corp (NYSE: BGC). Volume is 678% times normal levels and is trading at $23.85 per share, down -15.31%.
