Biggest Losers (ZOOM,KR,TIV,HNT)

Zoom Technologies, Inc. (NASDAQ: ZOOM) - After yesterday’s massive rally of 212%, the stock has corrected about 15%to $10.81 largely on profit booking. A total of 958K shares being traded till now. Yesterday, it announced the results of its recently approved acquisition, Gold Lion. The newly acquired company reported Q2 revenue increased 354% to $53.1 million; net income in the quarter grew to to $1.7 million, versus a net loss of $0.1 million last year; Gold Lion management's FY09 net revenue guidance in the range of $145-$155 million, versus $81 million in 2008; Gold Lion management's FY09 net income guidance in the range of $5.9-$6.1 million, versus $2.8 million in 2008.

The Kroger Co. (NYSE: KR) decreased $1.81 or 8.14% to $20.30 on huge volume of 19.20 million shares after it announced that their second-quarter profits fell nearly 8 percent. The nation's largest traditional grocery chain said sales also fell in the quarter, and it cut its earning guidance for the full year. Cincinnati-based Kroger says total sales, including fuel, were $17.7 billion, down from $18.1 billion a year ago. Net earnings totaled $254.4 million, or 39 cents per share, down from $276.5 million, or 42 cents per share.

Tri-Valley Corporation (AMEX: TIV) fell 10.18% to $2.20 on very unusual volume of 387K shares on profit booking. In the last 5 trading sessions the stock has surged over 150%.

Health Net, Inc. (NYSE: HNT) dropped 4.82% to $16.57 on moderate volume of 791K shares after UBS downgraded it to Neutral from Buy.