5 Top Decliners on Watchlist (ASNA, MCP, SQNM, DNDN, SSRI)

Los Angelas, CA -- (SBWIRE) -- 01/11/2013 -- Ascena Retail Group Inc (NASDAQ:ASNA) stock dropped 10.04% to $16.31 after the company said comparable store sales for the combined November and December holiday period declined 2% from last year. As a result, the company lowered its outlook for the fiscal year 2013. Full-year earnings are currently forecast in a range of $1.20 to $1.30 per share. This compares to the previous guidance range of $1.45 to $1.55 per share. Analysts currently expect the company to report full year earnings of $1.53 per share.

Can ASNA Bounce Back? Find Out Here

Molycorp Inc. (NYSE:MCP) fell 22.7 percent to $8.34 with 41,099,200 shares Molycorp Inc’ shares shed one-fourth of its value after the mining firm reported its revenue this year would be lower than expected, citing weak prices and setbacks in production.

Can MCP Jump Again? Find Out Here

Sequenom Inc (NASDAQ:SQNM) decreased 8.0% to $4.20 on a traded volume of 10.69 million shares. The stock was down on the threat of increasing competition. The threat is Illumina Inc said that it would buy privately held Verinata Health for a deal value of $450 million.

Can SQNM Recover After The Recent fall? Find Out Here

Dendreon Corp. (NASDAQ:DNDN) is currently trading at $5.75 up 12.8% in pre-market on 167870 shares traded. DNDN is trading 8.31% above its 50 day moving average and -18.80% below its 200 day moving average. DNDN is -70.07% below its 52-week high and 38.21% above its 52-week low.

Can DNDN Extend Fall? If Yes, How Far It Can Go? Find Out Here

Silver Standard Resources Inc (USA) (NASDAQ:SSRI) decreased 7.59% and closed at $14.0 on a traded volume of 3.76 million shares. The Company announced the pricing of its previously announced offering of convertible senior notes due 2033. The Company increased the offering to $250 million from $D200 million aggregate principal amount.

Is SSRI Showing Any Sign of Buy At The Current Market Price? Find Out Here

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