News / Business
PCS,CYOU,HPJ are the top Losers of the day
Top losers
Hong Kong Highpower Technology, Inc. (AMEX:) plunges 5.05% to $4.32 on over 225K shares after the company announced on Oct 09, 2009 that it will exhibit advanced battery technologies at the international battery industry conferences in the coming months. Hong Kong Highpower Technology, Inc. operates through its wholly owned subsidiary Hong Kong Highpower Technology Company Limited and its wholly owned subsidiaries Shenzhen Highpower Technology Co., Ltd. HZ Highpower Technology Co., Ltd. and Springpower Technology Company Limited. Through Shenzhen Highpower, the Company manufactures Nickel Metal Hydride rechargeable batteries for both consumer and industrial applications.
Changyou.com Limited (NASDAQ:CYOU) corrected 5.31% or $1.66 to $29.61 on over 218K shares on no news. The stock has an intraday high of $31.50 and an intraday low of $29.53. So far the stock prices jumped over by 18% in last six months of trade. Changyou.com Limited is a China-based online game developer and operator. The Company is a subsidiary of Sohu.com. The Company was previously the online game division of Sohu.com. ChangYou.com Limited has unveiled its first product and creates online role-playing games for the Chinese market.
MetroPCS Communications, Inc. (NYSE:PCS) slipped 4.83% or $0.39 to $7.68 on over 3.14 million shares after after AT&T Inc. unveiled a new, less expensive pre-paid plan, reigniting concerns over pricing power at the low end of the wireless business. MetroPCS Communications, Inc. is a wireless communications provider that offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States over its own licensed networks or networks of entities, in which the Company holds a substantial non-controlling ownership interest.
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