Three Stocks Dropping on Heavy Volume

The broader equity markets have seen this mornings gains go by the way side, and are now sharply negative, the NASDAQ off almost 2%. No equity sector has been left unturned, with momentum names especially getting hit. Three particular names are getting destroyed to the downside today on heavy volume. Yandex N.V.

, the Russian Internet search firm, is down $1.25 per share to $21.65, a loss of 5.46% on 240% of its average daily volume. So far, 3.3 million shares have traded. The average daily volume is 1.3 million shares. Yandex N.V. operates an Internet search engine in Russia. Another name getting hit hard today is Sina Corporation

, which is down over 10% on a potential investigation by the Department of Justice into the accounting practices at the company. At last check, shares were off $8.35 to $72.75, a loss of 10.3% on 220% of its average daily volume. So far 14.1 million shares have traded today, while the average daily volume is 6.5 million shares. SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. The last name getting hit hard today is Wynn Reorts, Limited

, which is down 10% to $121.94 on 237% of its average daily volume. At last check, shares were off $13.55 to $121.94 on 6.1 million shares. The average daily volume is 2.6 million shares. Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts.