Today’s Trending Stocks: Fluidigm, CSX, Wells Fargo, and More

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Fluidigm Corporation (NASDAQ:FLDM) shares have fallen by over 20% in extended-market trading after the company announced soft preliminary third quarter revenue. For the three months ended September 30, Fluidigm estimates that its sales came in at $22.2 million, a 23% year-over-year decrease from the same period of last year. Due to the weak results, Fluidigm’s management is also suspending its guidance for the full year. CEO Gajus Worthington discussed the results in a press release:

“We are exceedingly disappointed that our third quarter financial results did not meet our expectations. Although lower-than-expected sales of Helios systems contributed a significant portion of the overall shortfall, we have already seen a number of those anticipated sales close or progress in the fourth quarter. We are addressing the underlying issues impacting our performance, and continue to take actions to improve our business and return to growth.”

12 funds that we follow owned shares of Fluidigm Corporation (NASDAQ:FLDM) at the end of June, down by two funds from the end of March.

Follow Standard Biotools Inc. (NASDAQ:LAB)

eBay Inc (NASDAQ:EBAY) shares are 2.5% in the green in extended trading, while those of Mercadolibre Inc (NASDAQ:MELI) are not faring so well, sliding by 6.33% after eBay announced that it has decided to sell the majority of its stake in MercadoLibre. In conjunction, MercadoLibre announced that it is commencing a public offering by eBay and its subsidiary, of up to 5.5 million shares of common stock in addition to granting underwriters a 30-day option to buy up to an additional 825,000 shares.

For eBay, the sale will allow it to lock in significant gains from its investment in the Argentinian e-commerce company, the shares of which have gained 60% this year. eBay was MercadoLibre’s largest shareholder at the end of 2015, owning 8.1 million shares.

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58 funds in our system were long eBay Inc (NASDAQ:EBAY) at the end of June, while 21 were shareholders of Mercadolibre Inc (NASDAQ:MELI).

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Disclosure: None

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