Spreadtrum Communications, Pegasystems Among Stocks Gapping Down Friday

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

  • With an opening price of $16.99, Spreadtrum Communications (NASDAQ:SPRD) gapped down from its previous close of $19.36. Shares are trading at a volume of 1.3 million at a price decrease of 9.3%. Shares are down $1.44 (-7.6%) from a price of $18.99 on August 3, 2012. The stock has dropped a step closer to its 200-day moving average, sitting just 1.6% above the mark.
  • After closing the previous trading session at $27.02, Pegasystems (NASDAQ:PEGA) gapped down with an opening price of $22.51. Shares have dropped 3.8%, trading at a volume of 330,424. Over the last three months, the stock has lost $7.63 (-22.7%) from a price of $33.63 on May 15, 2012. The stock is trading at 89.2% of its 50-day moving average and 81.3% of its 200-day moving average.
  • SS and C Technologies Holdings (NASDAQ:SSNC) opened at $22 after closing the previous trading session at $25.29, gapping down. The stock price is down 7.2% with a volume of 223,829. The stock has been losing steam over the last month, dropping $2.95 (-11.2%) from a price of $26.41 on July 12, 2012. The stock is trading 3% above its 200-day moving average.
  • Sunshine Heart (NASDAQ:SSH) opened at $6.70, gapping down from its previous close of $8.20. Shares are trading at a volume of 455,679 at a price decrease of 16%.
  • GeoGlobal Resources (AMEX:GGR) opened at 15 cents after closing the previous trading session at 18 cents, gapping down. While trading at a volume of 161,725, the stock price has fallen 4%.