iGATE Down 14% (IGTE)

iGATE Corporation IGTE is down sharply this morning, losing more than 14% on heavy volume. Shares are moving down on heavy volume this morning, having traded almost 500,000 shares. The average daily volume for the name is just under 700,000 shares. At last check, shares were off $3.51 to $21.32, a loss of 14.%. iGATE Corporation provides outsourcing solutions that offer a business outcome based pricing model through an integrated Technology and Operations structure with global service delivery.