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Wednesday`s Double-Digit Losers: China Agritech Inc., REE, BankAtlantic Bancorp, Inc., Zoran Corporation

Wednesday`s Double-Digit Losers

 



(EMAILWIRE.COM, September 09, 2010 ) New York, NY-China Agritech Inc. (NASDAQ:CAGC) plunged 16.31% to $13.29 on over 4.76 million shares after Chardan Capital cut its rating on the company to Sell from Neutral. The 52-week range of the stock is $5.80-$30.75. Over the last three months of trading sessions, the stock went up more than 22%.

China Agritech, Inc. is a holding company. Through its subsidiaries, the Company manufactures and sells organic liquid compound fertilizers, organic granular compound fertilizers and related agricultural products in the People’s Republic of China.

To sign in for Epic Stock Picks free (stock alerts), please visit http://www.epicstockpicks.com

Rare Element Resources Ltd. (AMEX:REE) slumped 12.67% to $5.03 on over 3.01 million shares. Today, the stock created its new 52-week high of $6.32. After opening the trade at $5.97, the stock was trading within the range of $4.85-$6.32. The volumes were massive at 3.01 million shares as compared to its daily average volume of 265K shares.

BankAtlantic Bancorp, Inc. (NYSE:BBX) also went down 11.76% to $0.900 on over 2.12 million shares. The stock today made its new 52-week low of $0.87. The volumes were high today at 2.12 million shares as compared to its daily average volume of 458K shares.

BankAtlantic Bancorp, Inc. is a bank holding company. BankAtlantic provides a range of products and services encompassing retail and business banking. The Company reports its operations through two segments: BankAtlantic and BankAtlantic Bancorp, (the Parent Company).

Zoran Corporation (NASDAQ:ZRAN) plunged 10.10% to $7.39 on over 2.75 million shares after Microtune Inc. announced a deal to be acquired by Zoran Corp. in a deal worth about $166 million, or $84 million net of Microtune's cash on hand.

Microtune which makes silicon tuners for cable set-top boxes, will be purchased for $2.92 per share - an 18% premium to the stock's previous closing price.

ABOUT www.epicstockpicks.com

Epic Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. EpicStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth.

EpicStockPicks.com will not be responsible for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails.

www.EpicStockPicks.com does its best to verify, but does not guarantee the topicality, correctness, completeness and quality of information and statements presented on its website and emails. EpicStockPicks.com ‘s company officers are not registered investment advisors and do not recommend to buy, hold, or sell any securities. EpicStockPicks.com simply provides information and ideas to investors as they gather investment information. The onus is on viewers to complete their own due diligence. EpicStockPicks.com viewers should always make their own financial decisions.

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