NEW YORK (TheStreet) -- Shares of Affymetrix (AFFX) fell 6.44% to $10.90 in late morning trading Wednesday after Robert W. Baird downgraded the stock to "neutral" from "outperform" and maintained its $11 price target.
Affymetrix, which manufactures DNA microarrays, holds a 52-week low of $6.25 and a 52-week high of $11.89. The stock hit an intraday low of $10.75 and an intraday high of $11.42.
More than 2 million shares had changed hands as of 11:38 a.m., compared to the daily average volume of 836,163.
Affymetrix CFO Gavin Wood sold 10,200 shares of the company's stock at an average price of $10.77 for a total price of $109,854 in a transaction on Monday, January 12th. The sale was disclosed in a filing with the SEC.
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