Pandora and 2 Stocks Dragging Down the NYSE
The Dow Jones Industrial Average (NYSEARCA:DIA) is down today by 0.82% and stands at 12,054. The NYSE stocks described below are among the negative performers today on the NYSE.
JinkoSolar Holding Co. (NYSE:JKS): JinkoSolar has experienced an underwhelming Q3 report, and not surprisingly, the results are affecting its stock price. Revenue will fall below the consensus, and now guidance for 2012 has been reduced as well. Earnings are due next week. The stock already experienced a meltdown after a real toxic chemical leak in September. JinkoSolar is down 10.82%. The shares recently traded at $6.85, down $0.91, or 11.73%. They have traded in a 52-week range of $4.55 to $33.49. Volume today was 439,547 shares versus a 3-month average volume of 1,006,250 shares. The company’s trailing P/E is 0.88, while trailing earnings are $7.75 per share.
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Pandora Media (NYSE:P): Even though most Americans spend a lot less on music than they used to, CTO Tom Conrad sees this as a great opportunity. “Spotify is the future of the record store, and Pandora is the future of radio.” However, Pandora has to face the music today: the stock is down 8.80%. The shares recently traded at $12.57, down $1.18, or 8.58%. They have traded in a 52-week range of $9.33 to $26.00. Volume today was 480,286 shares versus a 3-month average volume of 765,569 shares. The company’s trailing earnings are $-0.59 per share.
Dynergy (NYSE:DYN): Some bondholders are asking for a bank examiner to investigate a host of numerous transactions that occurred just before the power generator filed for bankruptcy. However, the bond is stronger, which means that the investigation will not hurt the company in the bottom-line as of yet. Nevertheless, the stock is down 8.47%. The shares recently traded at $2.70, down $0.25, or 8.47%. They have traded in a 52-week range of $2.35 to $6.92. Volume today was 1,673,756 shares versus a 3-month average volume of 2,435,950 shares. The company’s trailing earnings are $-3.15 per share.
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