Volume Alert: China Medical, On Analyst Action (CMED)

Posted in General 
June 22nd, 2009

China Medical Technologies (Nasdaq: CMED) is down more than 7%, and has traded roughly 20% of its normal volume in the first 15 minutes of trading.

Chatter among Wall Street contacts is that it was downgraded to an Equal Weight weighting at a large research firm this morning, which cited increased pricing pressures in parts of its business.

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