US Market Alert : Stocks Down on Volumes (NYSE: AIG, LF, SOL)

American International Group, Inc. (NYSE:AIG) drops 4.90% to $28.24 on 9.83 million shares. The stock hit an intraday high and an intraday low of $28.65and $26.02 respectively. In the last six months the stock went down over 1%.

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LeapFrog Enterprises, Inc. (NYSE:LF) smashes 17.71% to $4.39 on 1.30 million shares after the company announced that for the first quarter of 2010, it expects net sales to be significantly above full year growth rate of fiscal 2010. The Company expects sales and earnings growth to continue in fiscal 2010 and beyond with net sales to increase 10% to 20% compared to fiscal 2009. The Company reported earnings per share (EPS) of $0.13 on revenue of $380 million in fiscal 2009.

ReneSola Ltd. (ADR) (NYSE:SOL) slid 10.72% to $4.96 on 1.01 million shares after the company announced that it has signed an OEM agreement to provide 600 megawatts (MW) of solar modules to a major global solar company over a period of three years. According to the terms of the contract, ReneSola will provide 200 MW of solar modules annually for three years commencing in 2010.

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