News / Business
Biggest Losers of the day - NTWK, KBH, MERX
Stock News
NetSol Technologies Inc. (NASDAQ:NTWK) fell 8.11% to $1.12 on a volume of 247K shares on no news. The Stock hit an intraday high of $1.19 while an intraday low of $1.07. So far the stock prices jumped over 115% in last six months of trade. NetSol Technologies, Inc. is a provider of global business services and enterprise application solutions. NetSol uses its BestShoring practices and resources in analysis, development, quality assurance, and implementation to deliver solutions.
KB Home (NYSE:KBH) corrected 5.89% or $0.97 to $15.49 on over 3.27 million shares after Reuters reported yesterday that KB Home said it is being investigated by the U.S. Securities and Exchange Commission over possible accounting and disclosure issues, adding to the home builder's legal woes as it continues to face a tough market. The SEC staff notified the Company on October 2 that a formal order of investigation had been issued, KB Home said in an SEC filing. The staff has stated that its investigation should not be construed as an indication by the SEC that there has been any violation of the federal securities laws, the Company said.
Merix Corporation (NASDAQ:MERX) plunges 4.54% to $2.06 on a volume of 189K shares. The stock has a 52-week range of $0.17 to $3.29. So far the stock prices jumped over 587% in last six months of trade. Merix Corporation is a global manufacturing service provider of printed circuit boards for original equipment manufacturer customers and their electronic manufacturing service providers. The Company’s products include multi-layer rigid PCBs, which are the platforms used to interconnect microprocessors, integrated circuits and other components that are essential to the operation of electronic products and systems.
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