This morning, traders are cashing in some of their profits from the recent surge in Hauppauge Digital (NASDAQ:HAUP). Shares have climbed higher since last Thursday on news that the company's product, Live TV, will be supported by Apple devices.
Shares of Hauppauge Digital were lower by more than 24% this afternoon.
Shares of China GengSheng Minerals (AMEX:CHGS) were sharply lower on Monday after the company reported weak first quarter earnings. The company earned just three cents per share on revenue of $11.7 million, missing on both the top and bottom lines.
In afternoon trading, shares of China GengSheng Minerals were off more than 17% following the earnings release.
And shares of Pacific Ethanol (NASDAQ:PEIX) were drifting lower in the afternoon session following the company's release of its 10-Q on Friday evening. The company lost twenty cents per share and saw sales continue to slide in the first quarter.
Shares of Pacific Ethanol were trading lower by more than 18% this afternoon.
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