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Infinera, Isilon Systems, M&T Bank, and China Unicom Among Days Top Stock Losers

Posted by Brian Krassenstein on Sep 27th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

China Unicom StockThe Dow Jones Industrial Average was down 48.22 today, as markets cooled after a big rally last week. Some of the days biggest losers were as follows:

Isilon Systems, Inc. (ISLN) – Isilon Systems dropped nearly 10% today, or $2.36 on slightly above average volume. The stock traded at an intraday high of $24.61, and closed 26 cents above it’s intraday low of $21.84. There was no major news coming from Isilon that we are aware of.

Infinera Corp. (INFN) – Infinera Corp traded down 8.18% today, or $1.05 after a pre-market downgrade of the stock by Goldman Sachs to sell from neutral. The company makes digital telecommunications equipment, and closed close to the low of the day at $11.78.

M&T Bank Corporation (MTB) – M & T Bank closed the day at $84.24, down just over 7% on the day. The volume was over 2.5 times the normal daily volume. The stock gapped down to open $5 less than it’s closed at on Friday.

China Unicom (Hong Kong) Limited (CHU) – China Unicom traded down 5.87% today after Deutsche Bank maintained their sell rating on the stock. The trading range on the day for China Unicom was a high of $14.46 and a low of $14.25 after a gap down in the morning.

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