Why Are Traders Selling Off These 5 Stocks Today?

Mellanox Technologies, Ltd. (NASDAQ:MLNX) is down by 12.8% despite the company also beating earnings and revenue estimates put forth by analysts. For the first quarter, Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned $0.81 per share on revenue of $196.8 million (up by 34.2% year-over-year), while estimates had called for EPS of $0.76 and revenue of $191.3 million. Although it reported great first quarter results, the company’s guidance could be the reason for today’s decline. Mellanox expects second quarter sales of $210 million-to-$215 million versus estimates of $216.2 million. The company also expects non-GAAP gross margin of 71%-to-72% and an increase in non-GAAP operating expenses of 8%-to-10% year-over-year. Jim Simons‘ Renaissance Technologies owned 935,583 Mellanox shares at the end of the fourth quarter.

Intrexon Corp (NYSE:XON) is off by 21% today after Spotlight Research (formerly Forensic Research Analyst) questioned whether the company’s 100% rally over the past three months, which was kickstarted due to the buzz around the company’s genetically modified mosquitoes product to combat the Zika virus, had gone too far. Among other things, the article brought into question the track record of the company, stating that:

“Intrexon has been around for more than 17 years and commercialized effectively zero meaningful commercial products using its own technology. The company’s technology is a “secret”. Nobody can explain exactly what it does. Not its employees, not sell-side analysts and not the people who own the stock.”

Some smart money funds appear to disagree, however, as 19 elite funds that we track in our database owned 7.4% of Intrexon Corp (NYSE:XON)’s float at the end of 2015.

Werner Misses; Traders Sell

Werner Enterprises, Inc. (NASDAQ:WERN) shares have fallen by 8.29% after the company reported a disappointing first quarter. For the period, Werner earned $0.28 on sales of $482.8 million, missing estimates by $0.04 per share and $11.3 million respectively. Average revenue per track per week, net of fuel surcharge, inched down by 2.4% year-over-year. The tight market remains a challenge for the company, as driver recruitment difficulty persists. 14 funds owned $178.17 million of Werner Enterprises, Inc. (NASDAQ:WERN)’s shares amounting to 10.60% of the float on December 31.

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