Bearish Stocks: Himax Technologies (NASDAQ:HIMX), Inovio Pharmaceuticals (NYSEMKT:INO), MagneGas Corporation (NASDAQ:MNGA), Intellicheck Mobilisa (NYSEMKT:IDN)

Technology Stocks News 17

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares were hurt by yesterday’s announcement of a downgrade from BofA Merrill Lynch. HIMX represents almost 9% of Tiger Global’s portfolio. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) stock performance was -11.36% in last session and finished the day at $11.86. Traded volume was 24,728,552 million shares in the last session and the average volume of the stock remained 7.66 million shares. The beta of the stock remained 1.69. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) insider ownership is 12.38%.

Inovio Pharmaceuticals Inc (NYSEMKT:INO) reported financial results for the fourth quarter and year ended Dec. 31, 2013. Total revenue was $1.7 million and $13.5 million for the quarter and year ended December 31, 2013, as compared to $1.1 million and $4.1 million for the same periods in 2012.Inovio Pharmaceuticals Inc (NYSEMKT:INO) dropped -7.98 percent to $3.23 yesterday on volume of 10.41 million shares. The intra-day range of the stock was $3.18 to $3.55. Inovio Pharmaceuticals Inc (NYSEMKT:INO) has a market capitalization of $773.94 million.

MagneGas Corporation (NASDAQ:MNGA) plans to use the proceeds for general corporate purposes, including working capital and potential acquisitions, the statement said. MagneGas Corporation (NASDAQ:MNGA)’s stock on Mar 25, 2014 reported a decrease of -28.37% to the closing price of $1.54. Its fifty two weeks range is $0.40 -$2.45. The total market capitalization recorded $39.40 million. The overall volume in the last trading session was 9,344,996 million shares. In its share capital, MagneGas Corporation (NASDAQ:MNGA) has 22.92 million outstanding shares.

Intellicheck Mobilisa, Inc. (NYSE:IDN) is under heavy pressure (-25%) early Tuesday after the company reported Q4 EPS of ($0.02), versus ($0.07) reported last year. Revenue for the quarter came in at $1.37 million, versus $528 thousand reported last year. On Tuesday, shares of Intellicheck Mobilisa, Inc. (NYSEMKT:IDN) dropped -32.52% to close the day at $1.10. Company return on investment (ROI) is -13.00 % and its monthly performance is recorded as 44.74%. Intellicheck Mobilisa, Inc. (NYSEMKT:IDN) quarterly revenue growth is 103.70%.

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