Once again on Wednesday, a wide cross section of stocks are losing ground, despite the markets being relatively flat at midday. Among the high volume losers are JDS Uniphase JDSU, SINA Corp. SINA, Baidu.com BIDU, and Cirrus Logic CRUS.
JDSU has shed 4.14% and is currently trading at $17.62. The stock has lost more than 18% in the last month and more than 30% over the last 3 months.
SINA has plunged another 6.55% and is currently trading at $101.95. More than 10.2 million SINA shares have already traded hands compared to a 3-month daily average of 6.3 million. SINA has fallen more than 18% in just the last month.
BIDU is down 1.25% to $123.26. Volume has been heavy with more than 7.5 million BIDU shares already changing hands on the session. The stock has shed almost 13% over the last month.
CRUS has lost 6.13% on the day. The stock is down nearly 14% in the last month and more than 38% over the last 3 months.
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