Top Losers: Gigamon (NYSE:GIMO), NewLead Holdings (NASDAQ:NEWL), Molycorp (NYSE:MCP), Viggle Inc (NASDAQ:VGGL)

Technology Stocks News 20

Gigamon Inc (NASDAQ:GIMO) was downgraded by investment analysts at Davidson to a “neutral” rating in a note issued to investors on Wednesday. Gigamon Inc (NYSE:GIMO) stock performance was -32.40% in last session and finished the day at $12.29. Traded volume was 8.40million shares in the last session and the average volume of the stock remained 703.51K shares. Gigamon Inc (NYSE:GIMO) insider ownership is 0.90%.

NewLead Holdings Ltd (NASDAQ:NEWL) on July 7 announced that on June 23, 2014, in arbitration proceedings currently pending between the Company and Ironridge Global IV, Ltd. (“Ironridge”), the Company filed claims against Ironridge for breach of contract, fraudulent inducement of contract and fraud, securities market manipulation and misrepresentation in violation of United States federal securities laws, unjust enrichment, and violation of 15 U.S.C. 78p(b), seeking disgorgement of short-swing profits, damages in excess of $25 million, punitive damages in excess of $100 million, and reimbursement of legal costs and the costs of the arbitration. NewLead Holdings Ltd (NASDAQ:NEWL) dropped -23.67 percent to $0.102 Wednesday on volume of 134.68million shares. The intra-day range of the stock was $0.10 to $0.14. NewLead Holdings Ltd (NASDAQ:NEWL) has a market capitalization of $14.13million.

Shares of Molycorp Inc (NYSE:MCP) were the recipient of a significant drop in short interest in the month of June. As of June 13th, there was short interest totalling 67,330,397 shares, a drop of 3.0% from the May 30th total of 69,411,802 shares, AnalystRatings.Net reports. Currently, 38.5% of the company’s stock are sold short. Based on an average trading volume of 4,686,160 shares, the short-interest ratio is presently 14.4 days. Molycorp Inc (NYSE:MCP)’s stock on July 09, 2014 reported a decrease of -16.81% to the closing price of $1.88. Its fifty two weeks range is $1.85 -$8.06. The total market capitalization recorded $460.06million. The overall volume in the last trading session was 25.11million shares. In its share capital, MCP has 244.71million outstanding shares.

Viggle Inc. (NASDAQ:VGGL) (“Viggle”), the entertainment marketing and rewards platform, on 02 July 2014 announced Viggle ACCESS, its advertising offering for TV networks and brand partners, providing verified reach to entertainment fans across the Viggle, Wetpaint and NextGuide platforms. On Wednesday, shares of Viggle Inc (NASDAQ:VGGL) dropped -12.73% to close the day at $3.29. Company return on investment (ROI) is 3734.60% and its monthly performance is recorded as -36.61%.  Viggle Inc (NASDAQ:VGGL) quarterly revenue growth is -86.00%.

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