ADTRAN Gapping Down Wednesday

There was one stock that gapped down today with an opening price significantly lower than the previous trading day's close:

• With an opening price of $24.03, ADTRAN (NASDAQ:ADTN) gapped down from its previous close of $27.19. Shares are trading at a volume of 1.6 million at a price decrease of 11.2%. Shares are down over the last two months as the price has dropped $6.10 (-20.2%) from a price of $30.24 on May 11, 2012. The stock is trading at 82.2% of its 50-day moving average and 77.7% of its 200-day moving average.