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Molycorp, Marvell Technology Group Among Stocks Gapping Down Friday

These are stocks that gapped down today and had opening prices significantly lower than the close on the previous trading day:

  • Molycorp (NYSE:MCP) gapped down today, opening at $9.95 after closing the previous trading session at $11.16. While trading at a volume of 15.1 million, the stock price has fallen 8.6%. The stock is trading at 61.7% of its 50-day moving average and 43.9% of its 200-day moving average.
  • Marvell Technology Group (NASDAQ:MRVL) opened at $10.73 after closing the previous trading session at $12.28, gapping down. Shares are down 14.3%, trading at a volume of 12.6 million. The stock has fallen over the last three months, dropping $2.47 (-19%) from $12.99 on May 22, 2012. The stock has moved down across its 50-day moving average of $11.32 today.
  • Ion Geophysical (NYSE:IO) gapped down today, opening at $6.63 after closing the previous trading session at $7.77. The stock price is down 13.6% with a volume of 986,800. The stock has seen some negative movement recently as shares are down 84 cents (-11.1%) from a price of $7.55 on August 10, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 1.8% above the mark.