Downgrade Clips Affymetrix (AFFX)

Posted in pre-market 
January 13th, 2010

Affymetrix Inc. (NASDAQ: AFFX) is getting clipped hard, but on news from inside the company. Barclays cut its rating to Underweight from Equalweight.  The stock is down 14% at $5.52 this morning but on less than 10,000 shares as of 8:29 AM EST.  The average volume here is 1.2 million shares and the 52-week trading range is $1.78 to $10.06.  We’d look for more news because this is an excessive drop on a research call.


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