MEMC Electronic Stock Falls On Unusually High Volume (WFR)
MEMC Electronic Materials (NYSE:WFR) is trading at unusually high volume Wednesday with 13.8 million shares changing hands. It is currently at two times its average daily volume and trading down 74 cents (-13.5%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- MEMC Electronic Materials (NYSE: WFR) is trading at unusually high volume Wednesday with 13.8 million shares changing hands. It is currently at two times its average daily volume and trading down 74 cents (-13.5%) at $4.70 as of 4 p.m. ET.
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MEMC Electronic has a market cap of $1.2 billion and is part of the technology sector and electronics industry. Shares are up 69.2% year to date as of the close of trading on Tuesday. MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. The company operates in two segments, Semiconductor Materials and Solar Energy. TheStreet Ratings rates MEMC Electronic as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. You can view the full MEMC Electronic Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.