Rediff.com India Stock Falls On Unusually High Volume (REDF)

NEW YORK ( TheStreet) -- Rediff.com India (Nasdaq: REDF) is trading at unusually high volume Tuesday with two million shares changing hands. It is currently at four times its average daily volume and trading down $2.46 (-22.5%) at $8.47 as of 1:26 p.m. ET.

Rediff.com India has a market cap of $206.5 million and is part of the technology sector and internet industry. Shares are up 106.6% year to date as of the close of trading on Monday.

Rediff.com India Limited provides online Internet based services in India and to the global Indian community.

TheStreet Ratings rates Rediff.com India as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. You can view the full Rediff.com India Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%