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Coach, PMC-Sierra Gapping Down Tuesday

Today, these stocks gapped down with open prices significantly lower than the close on the previous trading day:

  • Coach (NYSE:COH) gapped down today, opening at $49.12 after closing the previous trading session at $60.58. Shares are trading at a volume of 10.1 million at a price decrease of 15.1%. The stock has fallen over the last three months, dropping $22.80 (-30.7%) from $74.25 on May 3, 2012. The stock has moved down across its 50-day moving average of $59.23 today.
  • After closing the previous trading session at $5.98, PMC-Sierra (NASDAQ:PMCS) gapped down with an opening price of $5.07. While trading at a volume of two million, the stock price has fallen 11.7%. Over the last three months, the stock has lost $1.62 (-23.5%) from a price of $6.90 on May 3, 2012. The stock has moved down across its 50-day moving average of $5.98 today.