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The Real Most Active - NASDAQ.(B)
Byline: David Saito-Chung
The Nasdaq's early rally turned out to be a mirage Tuesday. The composite reversed from its 1.7% gain to a 1.9% drop on higher volume. The Nasdaq 100 fell 3.1%.
Corinthian Colleges, down 26% on Friday, lopped off another 4.36 to 34.99 on nearly four times its average trade. The stock sank further below its 200-day moving average, a bad sign.
Roxio cooled off after seven straight days of gains, losing 2.15 to 16 on twice its typical volume. The company's software allows users to store and manage music, data and pictures on recordable compact discs.
Irwin Financial sold off for a third straight day, sinking 2.79 to 18.71 on nearly eight times its usual trade. The Indiana-based lender has given up four months of gains in just three days.
Many medicals headed south. Sicor gapped lower at the open and lost 2.70 to 20.90, slipping well below its 50-day moving average on double average trade. The drug maker has registered to offer 20 million common shares. The stock currently has 100 million shares outstanding and a float of 65 million.
Pharmaceutical Product Development swung 1.92 points ...
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