NetApp Down Over 12%, on Pace for Largest Percent Decrease Since August 2011 -- Data Talk

NetApp Inc. (NTAP) is currently at $58.55, down $8.55 or 12.74%

-- Would be lowest close since Jan. 3, 2019, when it closed at $57.48

-- On pace for largest percent decrease since Aug. 18, 2011, when it fell 14.05%

-- Earlier Thursday, Lake Street cut its rating on NetApp to hold from buy, Benzinga reported

-- On Wednesday, NetApp reported adjusted fourth quarter earnings of $1.22 a share. Analysts polled by FactSet were expecting earnings of $1.26 a share on an adjusted basis. Revenue fell to $1.59 billion from $1.64 billion a year earlier. Analysts had expected revenue to be flat for the quarter

-- Currently down four of the past five days

-- Currently down two consecutive days; down 16.35% over this period

-- Worst two day stretch since the two days ending Aug. 18, 2011, when it fell 16.79%

-- Down 60.61% from its all-time closing high of $148.62 on Oct. 20, 2000

-- Down 14.00% from 52 weeks ago (May 24, 2018), when it closed at $68.08

-- Traded as low as $58.50; lowest intraday level since Jan. 8, 2019, when it hit $57.97

-- Down 12.82% at today's intraday low; largest intraday percent decrease since Nov. 15, 2018, when it fell as much as 13.79%

-- Worst performer in the S&P 500 today

-- Worst performer in the Nasdaq 100 today

-- Eighth most active stock in the Nasdaq 100 today

All data as of 10:26:39 AM

Source: Dow Jones Market Data, FactSet