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

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices