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THE REAL MOST ACTIVE Nasdaq Stumbles 1.6% In Fed Rate Hike's Wake.(B)
Byline: CRAIG SHAW
Stocks slumped Thursday as some tech bellwethers took hits and oil prices jumped ahead of the holiday weekend. The Nasdaq shed 1.6% on above-average volume, the large-cap Nasdaq 100 1.8%. Chip, Internet and computer stocks all suffered.
Amedisys tumbled 3.29, or 10%, to 29.75 to close barely above the pivot point of its June 21 breakout. Trade was 2 1/2 times normal. The home health care provider had climbed nearly 15% since clearing its eight-week base. It posted profit growth of 69% to 200% the past three quarters after four quarters of declines. Growth is seen shrinking to 17% three quarters ahead.
Express Scripts pared an 8.4% loss to 5% on the heaviest trade since late February. The pharmacy benefits manager fell 3.85 to 75.38 to close 7% off its 52-week high. The stock is on track for its fourth straight down week, although declines have been marginal. Shares owned by mutual funds held even the past year at about 23 million.
Electronics For Imaging fell 0.90 to 27.36 a day after breaking out of a five-month base. The maker of print servers and controllers ...
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