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Top Volume Stock Losers - BBY, SNSS, RTK
Stock Losers
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Best Buy Co., Inc. (NYSE:BBY) declines 7.25% to $42.08 on 6.98 million shares after the company announced that for fiscal 2010, it has raised revenue outlook to a range of $49.0 billion to $49.5 billion and non-GAAP annual earnings per diluted share (EPS) to a range of $3.00 to $3.15 and GAAP annual earnings per diluted share to a range of $2.94 to $3.09, which includes first quarter restructuring charges totaling $0.06 per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $48.6 billion and non-GAAP EPS of $2.96 for fiscal 2010.
Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) decreases 8.61% to $1.91 on 2.77 million shares. The stock hit an intraday high and an intraday low of $1.96 and $1.78 respectively. In the last three months the stock went up over 304%. Sunesis Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of new oncology therapeutics for the treatment of hematologic and solid tumor cancers.
Rentech, Inc. (AMEX:RTK) plunges 8.66% to $1.50 on 2.65 million shares after the company announced that it has signed a Memorandum of Understanding (MOU) with thirteen domestic and international passenger and cargo carriers that is intended to serve as a framework for a future definitive supply agreement for certified jet fuel from Rentech's proposed synthetic fuels and power facility in Adams County, Mississippi (Natchez Project).
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